Georgia Latino Population Swells

/PRNewswire/ -- The Latino population in Georgia experienced exceptional growth since 2000, increasing 96% in the last decade, according to a National Association of Latino Elected and Appointed Officials (NALEO) Educational Fund analysis of newly released Census 2010 data.

Between 2000 and 2010, while the state's overall population grew 18% from 8.2 million to 9.7 million, the Latino population increased from 435,227 to 853,689.

Latinos account for 28% of overall population growth in the state over the last ten years, and represent 8.8% of the state's population.

"These numbers show that Latinos are an integral part of the state's future economic well-being," said State Representative Pedro Marin. "In order to ensure the prosperity and well-being of all residents of Georgia, our policies must promote the economic and civic progress of Latinos."

Many of Georgia's ten largest incorporated areas – which include the state's cities – also have significant Latino populations, including Roswell (17%), Sandy Springs (14%), and Athens-Clarke County (10%), which the U.S. Census Bureau classifies as the state's fastest-growing big city. Additionally, more than half (57%) of Georgia's Latino residents live in the ten largest counties, including Fulton – home to Atlanta.

The data also found the Latino population is significantly younger than the non-Latino population.

"The newly released numbers suggest that the Latino community in our state placed a high priority on being counted in the 2010 Census and of being full participants in the political process in our country," said Jerry Gonzalez, Executive Director of the Georgia Association of Latino Elected Officials (GALEO).

"As Georgia now undertakes the redistricting process, it is time to make sure Latinos can embrace the opportunity to translate those Census numbers into full and fair representation."

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September Revenues Up, But Long Road to Full Recovery

State revenues in September were up 5.7 percent over revenues in September 2009, according to data released by the Georgia Department of Revenue. That is certainly good news, but Georgia has a long road to recovery in revenues.

Net revenues in the first quarter (July-September) were 7.4 percent above first quarter 2009 revenues. However, fewer income tax refunds were issued in the first quarter of 2010 compared to 2009, giving 2010 a temporary boost in July and August. Removing the anomaly of fewer refunds, gross revenues grew by 1.9 percent in the first quarter. The revenue estimate for the fiscal year is currently set at 4.2 percent.

"Consider a worker who has his pay cut by 20 percent, and then receives a 5 percent raise. The pay raise is great news, but he is still going to have trouble paying his bills, much less saving for his kid's college education," said Alan Essig, executive director of the Georgia Budget and Policy Institute. "That's what the state faces today. Revenues are growing, but we have a long way to go to regain the ground we lost. The state will continue to struggle to pay for essential services or invest in infrastructure unless leaders reform and improve our tax structure."

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Federal minimum wage will increase to $7.25 on July 24

/PRNewswire/ -- The U.S. Department of Labor reminds employers and employees that the federal minimum wage will increase to $7.25 on Friday, July 24. With this change, employees who are covered by the federal Fair Labor Standards Act (FLSA) will be entitled to pay no less than $7.25 per hour.

"This administration is committed to improving the lives of working families across the nation, and the increase in the minimum wage is another important step in the right direction," said Secretary of Labor Hilda L. Solis. "This well-deserved increase will help workers better provide for their families in the face of today's economic challenges. I am especially pleased that the change will benefit working women, who make up two-thirds of minimum wage earners."

This increase is the last of three provided by the enactment of the Fair Minimum Wage Act of 2007, which amended the FLSA to increase the federal minimum wage in three steps: to $5.85 per hour effective July 24, 2007; to $6.55 per hour effective July 24, 2008; and now to $7.25 per hour effective July 24, 2009. The latest change will directly benefit workers in 30 states (Alabama, Alaska, Arkansas, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin and Wyoming) where the state minimum wage is currently at or below the federal minimum wage or there is no state minimum wage. It will also benefit workers in the District of Columbia, where the minimum wage is required to be $1 more than the federal minimum wage.

A family with a full-time minimum wage earner would see its monthly income increase by about $120. That is more than a week's worth of groceries for an average family of four or more than one week's utility bills. The $120 buys three tanks of gas for a small car. The $120 would easily cover the cost of replacing all the light bulbs in a typical home with compact fluorescent light bulbs -- which would save the family money in the long term and be an important step toward a greener country. The benefits are not just for full-time workers. About half of minimum wage workers are part-timers, and they, too, are going to see a very welcome boost to their incomes.

Every employer of workers subject to the FLSA's minimum wage provisions must post, and keep posted in each of its establishments, a notice explaining this act. The notice must be posted in conspicuous places to permit employees to readily read them. Posters and other compliance assistance materials concerning the minimum wage increase are available free of charge from the Labor Department's Wage and Hour Division and may also be obtained from the agency's Web site at http://www.wagehour.dol.gov/.

Many states have minimum wage laws with provisions that differ from the federal law. When an employer is subject to both, the employer must pay the higher of the two rates.

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Georgians to Receive Increase in Food Stamp Benefits

Georgia households currently receiving Food Stamp benefits will see an increase in those benefits beginning in April.

The increase is the result of the federal American Recovery and Reinvestment Act, which was designed to create jobs, restore economic growth and strengthen America’s middle class. The legislation provides funds that protect those in greatest need, including Food Stamp recipients.

Additional Food Stamp benefits will be automatically added to EBT (Electronic Benefit Transfer) cards after April 1. The amount of the benefit increase depends on the size of a household.

Most households will receive the following Food Stamp benefit increase each month:

Number of People in Household Additional Monthly Benefits

1 $24

2 $44

3 $63

4 $80

5 $95

6 $114

7 $126

8 $144

Georgia citizens can apply for Food Stamps by contacting their local Department of Family and Children Services or by visiting online at https://compass.ga.gov.

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U.S. Department of Labor Announces Boost in Weekly Unemployment Benefit Amounts

/PRNewswire-USNewswire/ -- Secretary of Labor Hilda L. Solis today announced a weekly increase in unemployment compensation, as provided for in the stimulus legislation, the American Recovery and Reinvestment Act of 2009, enacted on Feb. 17.

The new temporary Federal Additional Compensation program will provide a $25 weekly increase in unemployment compensation for eligible workers. These extra benefits are 100 percent federally-funded.

The stimulus legislation also extended the Emergency Unemployment Compensation program, which was scheduled to expire on Aug. 27, 2009. "The program has been extended to Dec. 31, 2009, for new applications, with a 'phase-out' period ending May 31, 2010," said Secretary Solis. "Both the Emergency Unemployment Compensation and the Federal Additional Compensation programs provide temporary financial support to unemployed workers to help them pay for basic necessities such as food, clothing, medicine and gasoline while they look for new jobs."

To qualify for these benefits, unemployed workers must first be determined eligible for unemployment benefits by the appropriate state workforce agency. Workers must have earned sufficient wages from prior recent employment and have been separated from employment for non-disqualifying reasons (as determined under state law). Eligible workers must also be able to work and be available for work while receiving these unemployment benefits.

All 50 states, the District of Columbia, the Commonwealth of Puerto Rico and the U.S. Virgin Islands have executed agreements with the U.S. Department of Labor to administer these programs. States will begin to make the extra payments as early as the week of March 1, 2009, for weeks of unemployment effective Feb. 22, 2009.

For information on unemployment compensation, visit http://www.dol.gov/.




FACT SHEET

EMERGENCY UNEMPLOYMENT COMPENSATION AND FEDERAL ADDITIONAL COMPENSATION UNDER AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009

Emergency Unemployment Compensation, 2008 (EUC08) - Program Extension
-- The EUC08 program, created on June 30, 2008, provides up to 20 weeks
of federally-funded benefits to eligible unemployed workers who have
collected all their regular state unemployment benefits. An
additional 13 weeks of EUC are available in states with high levels of
unemployment.
-- The EUC08 program was scheduled to expire on Aug. 27, 2009. The
stimulus legislation, Public Law Number 111-5, which was enacted on
Feb. 17, 2009, extends the expiration date of the EUC08 program to May
31, 2010.
-- The period during which an individual may establish eligibility for
EUC08 is extended from March 31, 2009, to the week of unemployment
ending on or before Dec. 31, 2009, and the "phase-out" or expiration
date of the program is extended from Aug. 27, 2009 to May 31, 2010.
-- The stimulus legislation does not provide additional weeks of benefits
for individuals who have or will exhaust their EUC08 benefits.
Federal Additional Compensation (FAC)
-- The stimulus legislation also created a new FAC program that provides
a $25 supplement that is payable to individuals receiving state
unemployment compensation (UC) or Federal UC. The $25 supplement does
not apply to state-financed Additional Compensation programs.
-- All 50 states, the District of Columbia, the Commonwealth of Puerto
Rico and the U.S. Virgin Islands executed agreements with the
secretary of labor to administer this new program on behalf of the
federal government on or before Feb. 21, 2009; therefore, the program
is effective Feb. 22, 2009, in all states/jurisdictions.
-- States are modifying their automated benefit payment systems to
implement FAC. Many states will begin to make payments during the week
of March 1, 2009, for weeks of unemployment effective Feb. 22, 2009.
However, due to the complexity of changing automated systems, some
states have advised that they may implement later, making payments
retroactively.

States will calculate the individual's weekly benefit amount and make any adjustments in accordance with state law to account for any earnings, and any other deductions (for example, severance and retirement/pension payments).

-- The $25 supplement is taxable. Therefore, states will include the
total benefits received including the $25 increase(s) in issuing a
1099G to claimants.
-- The $25 supplement/payments will be paid from federal general
revenues. States will receive administrative costs associated with
implementing the $25 add-on.

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Seniors Getting Largest Social Security Increase Since 1982

(SPM Wire) While the economy may be hurting, good economic news for senior citizens is coming from the Social Security Administration which has announced that seniors can expect a 5.8 percent benefit increase in 2009.

The largest benefit increase since 1982, this boost in funding will come in the form of a "Cost-of-Living Adjustment."

The 5.8 percent Cost-of-Living Adjustment is beginning with benefits that over 50 million Social Security beneficiaries receive in January 2009. Increased payments also will be coming to more than seven million Supplemental Security Income beneficiaries.

While benefits increase yearly to compensate for inflation, based on rises in the Bureau of Labor Statistics' "Consumer Price Index for Urban Wage Earners and Clerical Workers," the largest increase in 26 years in Social Security is more than welcome in the current economy.

These changes, though, will not necessarily come as a blessing to all, as more payout by the Social Security Administration necessarily means more pay-in by taxpayers around the country.

Of the estimated 164 million workers who will pay Social Security taxes in 2009, about 11 million will pay higher taxes as a result of the increase in the taxable maximum.

Information about Medicare changes for 2009 can be found online at www.medicare.gov.

More information about Social Security benefits can be found at www.ssa.gov.

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Atlanta CFOs Forecast Increase in First-Quarter Hiring

/PRNewswire/ -- The hiring of full-time accounting and finance professionals in the Atlanta area is expected to increase in the first quarter of 2009, according to the most recent Robert Half International Financial Hiring Index. Fourteen percent of chief financial officers (CFOs) surveyed plan to add staff during the quarter and 8 percent anticipate reductions in personnel. The net 6 percent increase is up one point from the area's fourth-quarter 2008 forecast and five points above the national average.

The local results reflect a two-quarter rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Atlanta area with 20 or more employees; 1,400 CFOs were queried for the national data. (To view the national results, visit http://www.roberthalf.com/PressRoom.) The studies were conducted by an independent research firm and developed by Robert Half International, the world's first and largest staffing services firm specializing in accounting and finance. Robert Half has been tracking financial hiring activity in the United States since 1992.

"In Atlanta, we continue to see demand for accounting and finance staff, particularly in industries impacted by increasing regulation," said Andy Decker, regional vice president for Robert Half International. "Businesses going through mergers or acquisitions seek professionals with information technology expertise who can integrate the software and reporting tools used by the combined organizations."

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University System of Georgia Fall Enrollment Increases 4.8 Percent

Enrollment Reaches All-Time High Approaching 283,000 Students

When the University System of Georgia (USG) Board of Regents adopted a new strategic plan in August 2007, the plan predicted an additional 100,000 students enrolling in Georgia’s 35 public colleges and universities by 2020. The numbers in the board’s fall 2008 enrollment report, released today, show the system is on track to reach and perhaps surpass that prediction, with a record 282,978 students.

And 46,711 of those students this fall are first-time freshmen. This group increased 9.6 percent over fall 2007 and is evidence of the increasing demand on public higher education resources by Georgians.

The overall numbers represent a gain of 12,956 students from fall 2007, or an increase of 4.8 percent. This follows a gain of 10,077 students from fall 2006 to fall 2007. To put the gains in perspective, the USG has grown by 32,319 students, or 12.9 percent, in the last five years.

“We have added the equivalent of another University of Georgia to the system over the past five years,” said USG Chancellor Erroll B. Davis Jr. “This represents significant growth, during a period in which we are challenged to serve more students at a high level of quality with diminished resources.” For example, a new USG analysis shows that the number of faculty and staff in the system to serve students has decreased by 18 percent per 1000 students from fall 2000 to fall 2007, while over the same period, enrollment increased 31.5 percent.

An analysis of the numbers shows two key developments, says Dr. Cathie Mayes Hudson, vice chancellor for Research and Policy Analysis. “First is that the regents’ strategic goal of meeting capacity by increasing enrollment at the state and two-year colleges is producing results. And second is that the System increasingly reflects the state population in terms of the diversity of the student body.”

In the first example, Hudson is referring to a decision by the board to increase access to the System’s eight state colleges and eight two-year colleges. State college enrollment grew by 6.1 percent, while two-year college enrollment grew by 8.4 percent, both well above the USG average of 4.8 percent. Some of the biggest enrollment percentage gains were at these types of institutions. For example, from fall 2007 to fall 2008, enrollment growth was in the double-digits at:

Atlanta Metropolitan College, up 19.1 percent to 2,241 students;
Bainbridge College, up 16.2 percent to 3,091 students;
East Georgia College, up 28.6 percent to 2,555 students;
Gainesville State College, up 10.2 percent to 8,238 students; and
Georgia Gwinnett College, up 98.4 percent to 1,563 students.

Two state universities also have experienced double digit growth from fall 2007 to fall 2008. Fort Valley State University is up 21 percent to 3,106 students and Georgia Southwestern State University is up 13 percent to 2,717 students.

But overall in the System’s 13 state universities, growth was smaller, at 5 percent, which is in line with the Strategic Plan that calls for more modest enrollment growth in this sector. And at the two regional universities – Georgia Southern University and Valdosta State University, enrollment grew 4 percent from fall 2007 to fall 2008, for a combined student body of 29,254.

Enrollment increased at the four research universities by just 2.6 percent – again, right in line with the objectives of the Strategic Plan to shift enrollment to the System’s four- and two-year institutions. Among the four research universities, Georgia State University posted the largest percentage increase, of 4 percent, to a fall 2008 enrollment of 28,229 students. Right behind Georgia State in the percentage increase in enrollment is the Georgia Institute of Technology, with a 3.6 percent increase in enrollment, to 19,424 students. The Medical College of Georgia saw its enrollment increase 2 percent, to 2,919, and the University of Georgia’s enrollment grew 1 percent, to 34,180 students.

The increasing diversity of the USG student population is central to the board’s second goal in its strategic plan. According to 2000 U.S. Census data, Georgia’s African-American population was 29.2 percent, and Hispanic population was 5.3 percent, with the Asian population at 2.4 percent. The numbers in the fall 2008 enrollment report reflect progress in increasing access to the USG by underserved groups, said Hudson.

African-American enrollment increased by 7.5 percent, or 4,878 additional students from fall 2007 to fall 2008. African-American enrollment now stands at 69,771 students, or 24.7 percent of the total enrollment. And African-American student enrollment growth rates have exceeded the total student growth rates for several years: the five-year growth rate is 18.7 percent, and the 10-year rate is an increase of 60.7 percent.

Likewise, the report shows Hispanic enrollment up 12 percent in fall 2008 over last year, to a total this fall of 9,874 students. This year’s gains mirror a 12.6 percent increase from fall 2006 to fall 2007, and reflect the continued growth in the number of Hispanics seeking greater opportunities through higher education. Hispanics now represent 3.5 percent of all USG students.

The enrollment of Asian/Pacific Islander students increased by 6.5 percent, or 1,087 students from fall 2007 to fall 2008 to a total of 17,805 students. This group represents 6.3 percent of all students.

Looking at gender, 57.7 percent – 163,320 students – of the USG student body is female. However, the growth rate for male students, at 5.3 percent from fall 2007 to fall 2008, exceeded that of female students, at 4.4 percent. Eleven USG institutions have more than 65 percent female enrollment.

The system’s full-time equivalent enrollment (FTE) for fall 2008 is 247,168, an increase of 5.1 percent over fall 2007, adding 11,982 more FTE students. This increase is above the overall enrollment increase of 4.8 percent, which indicates that more students are taking additional hours of courses, compared to students in fall 2007.

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New Cases of Diagnosed Diabetes on the Rise

The rate of new cases of diagnosed diabetes rose by more than 90 percent among adults over the last 10 years, according to a study by the Centers for Disease Control and Prevention (CDC).

The data, published in CDC′s Morbidity and Mortality Weekly Report, show that in the past decade, the incidence (new cases) of diagnosed diabetes has increased from 4.8 per 1,000 people during 1995-1997 to 9.1 per 1,000 in 2005-2007 in 33 states.

“This dramatic increase in the number of people with diabetes highlights the increasing burden of diabetes across the country,” says lead author Karen Kirtland, Ph.D., a data analyst with CDC′s Division of Diabetes Translation. “This study demonstrates that we must continue to promote effective diabetes prevention efforts that include lifestyle interventions for people at risk for diabetes. Changes such as weight loss combined with moderate physical activity are important steps that individuals can take to reduce their risk for developing diabetes.”

The study used data from CDC′s Behavioral Risk Factor Surveillance System, and provides incidence rates of diabetes for 43 states and two U.S. territories. Only 33 states had data for both time periods, but 43 states collected data in 2005-2007.

State-specific, age-adjusted estimates of new cases of diabetes ranged from 5 per 1,000 people in Minnesota to 12.7 per 1,000 in West Virginia. The number of news cases was highest in Puerto Rico at 12.8 per 1,000. States with the highest age-adjusted incidence were predominately Southern states: Alabama, Florida, Georgia, Kentucky, Louisiana, South Carolina, Tennessee, Texas and West Virginia.

“This report documents the geographic distribution of new cases of diabetes and is consistent with previous studies showing an increase in new diabetes cases,” said Kirkland. “We must step up efforts to prevent and control diabetes, particularly in the Southern U.S. region where we see higher rates of diabetes, obesity and physical inactivity.”

CDC, through its Division of Diabetes Translation, funds diabetes prevention and control programs in all 50 states, including the District of Columbia, and seven U.S. territories and island jurisdictions. The National Diabetes Education Program, co-sponsored by CDC and the National Institutes of Health, provides diabetes education to improve treatment for people with diabetes, promote early diagnosis and prevent or delay the onset of diabetes.

For more information about diabetes, visit www.cdc.gov/diabetes. The MMWR report is available at www.cdc.gov/mmwr.

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Existing-Home Sales Rise on Improved Affordability

PRNewswire/ -- Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors(R).

Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- rose 5.5 percent to a seasonally adjusted annual rate(1) of 5.18 million units in September from a level of 4.91 million in August, and are 1.4 percent higher than the 5.11 million-unit pace in September 2007.

Lawrence Yun, NAR chief economist, said more markets are seeing year-over-year gains. "The sales turnaround which began in California several months ago is broadening now to Colorado, Kansas, Minnesota, Missouri and Rhode Island," he said. "The South was hampered by much lower home sales in Houston in the aftermath of Hurricane Ike."

NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said low home prices and low interest rates have been attracting buyers. "This is the first time since November 2005 that home sales have been above year-ago levels," he said. "Credit tightened at the end of September, but the improvement demonstrates that buyers who've been on the sidelines want to get into the market to make a long-term investment in their future."

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 6.04 percent in September from 6.48 percent in August; the rate was 6.38 percent in September 2007.

Yun said there may be market disruptions. "The credit markets are not settled yet, although the mortgage market stabilized with the government takeover of Fannie Mae and Freddie Mac. Inventory remains high, and price declines are pressuring owners," he said. "Additional housing stimulus would stabilize prices more quickly, which in turn would bring faster stability to Wall Street. Removing the repayment feature on the first-time buyer tax credit and permanently raising loan limits would bring more buyers into the market and further reduce inventory."

Total housing inventory at the end of September fell 1.6 percent to 4.27 million existing homes available for sale, which represents a 9.9-month supply(2) at the current sales pace, down from a 10.6-month supply in August. This marks two consecutive monthly declines since inventories peaked in July.

The national median existing-home price(3) for all housing types was $191,600 in September, down 9.0 percent from a year ago when the median was $210,500. "Compared to a fairly small share of foreclosures or short sales a year ago, distressed sales are currently 35 to 40 percent of transactions. These are pulling the median price down because many are being sold at discounted prices," Yun explained. "The current market is not being dominated by speculative investors. Rather, 80 percent of current buyers are purchasing a primary residence, which is a bit higher than historic norms."

Single-family home sales increased 6.2 percent to a seasonally adjusted annual rate of 4.62 million in September from a pace of 4.35 million in August, and are 3.8 percent above the 4.45 million-unit level a year ago. The median existing single-family home price was $190,600 in September, which is 8.6 percent below September 2007.

Existing condominium and co-op sales were unchanged at a seasonally adjusted annual rate of 560,000 units in September, but are 15.7 percent below the 664,000-unit pace in September 2007. The median existing condo price(4) was $199,400 in September, down 10.2 percent from a year ago.

Regionally, existing-home sales in the West jumped 16.8 percent to an annual rate of 1.25 million in September, and are 34.4 percent higher than September 2007. The median price in the West was $253,600, down 18.5 percent from a year ago.

In the Midwest, existing-home sales increased 4.4 percent to an annual pace of 1.19 million in September, but are 2.5 percent below a year ago. The median price in the Midwest was $152,500, which is 7.9 percent lower than September 2007.

Existing-home sales in the South rose 2.2 percent in September to a pace of 1.90 million but remain 7.8 percent below September 2007. The median price in the South was $167,200, down 4.1 percent from a year ago.

In the Northeast, existing-home sales slipped 1.2 percent to an annual pace of 840,000 in September, and are 7.7 percent lower than a year ago. The median price in the Northeast was $246,800, down 5.4 percent from September 2007.

The National Association of Realtors(R), "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

NOTE: References to performance in states or metro areas are from unpublished raw data used to analyze regional trends; please contact your local association of Realtors(R) for more information.

(1) The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings. This differs from the U.S. Census Bureau's series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which generally account for 85 percent of total home sales, are based on a much larger sample -- more than 40 percent of multiple listing service data each month -- and typically are not subject to large prior-month revisions.

(2) Total inventory and month's supply data are available back through 1999, while single-family inventory and month's supply are available back to 1982. Condos were tracked quarterly prior to 1999 when single-family homes accounted for more than nine out of 10 purchases.

(3) The only valid comparisons for median prices are with the same period a year earlier due to the seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if more data is received than was originally reported.

(4) Because there is a concentration of condos in high-cost metro areas, the national median condo price can be higher than the median single-family price. In a given market area, condos typically cost less than single-family homes.

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U.S. Suicide Rate Increases

The rate of suicide in the United States is increased for the first time in a decade, according to a new report from the Johns Hopkins Bloomberg School of Public Health’s Center for Injury Research and Policy. The increase in the overall suicide rate between 1999 and 2005 was due primarily to an increase in suicides among whites aged 40-64, with white middle-aged women experiencing the largest annual increase.

Whereas the overall suicide rate rose 0.7 percent during this time period, the rate among middle-aged white men rose 2.7 percent annually and 3.9 percent among middle-aged women. By contrast, suicide in blacks decreased significantly over the study’s time period, and remained stable among Asian and Native Americans. The results are published online at the website of the American Journal of Preventive Medicine and will be published in the December print edition of the journal.

The researchers also conducted a detailed analysis of suicide methods across specific population groups. While firearms remain the predominant method, the rate of firearm suicides decreased during the study period. Suicide by hanging or suffocation increased markedly with a 6.3 percent annual increase among men, and a 2.3 percent annual increase among women.

Hanging/suffocation accounted for 22 percent of all suicides by 2005, surpassing poisoning at 18 percent.

“The results underscore a change in the epidemiology of suicide, with middle-aged whites emerging as a new high-risk group,” said study co-author Susan P. Baker, MPH, a professor with the Bloomberg School’s Center for Injury Research and Policy. “Historically, suicide prevention programs have focused on groups considered to be at highest risk—teens and young adults of both genders as well as elderly white men. This research tells us we need to refocus our resources to develop prevention programs for men and women in their middle years.”

Baker along with colleagues Guoqing Hu, PhD, Holly Wilcox, PhD, Lawrence Wissow, MD, MPH, analyzed data from the Web-based Injury Statistics Query and Reporting System (WISQARS) mortality reports, which provides data on deaths according to cause and intent of injury by age, race, gender and state. WISQARS mortality data are based on annual data files of the National Center for Health Statistics (NCHS) of the Centers for Disease Control and Prevention (CDC).

The reasons for the increase in the suicide rate are not fully understood. “While it would be straightforward to attribute the results to a rise in so-called mid-life crises, recent studies find that middle age is mostly a time of relative security and emotional wellbeing,” said Baker. “Further research is warranted to explore societal changes that may be disproportionably affecting the middle-aged in this country.”

The research was funded by the Center for Injury Research and Policy.

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Mortgage Rates Take Off After Volatile Week in Stock Market; Rates in Some States Increase by 10%

Average Georgia 30 year fixed rates increased 7.8% to 6.29%.

PRNewswire/ -- Mortgage rates surged last week, with rates for 30-year fixed mortgages increasing to 6.36 percent, up from 5.95 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Mortgage rates for 15-year fixed rose to 6 percent, up from 5.65 percent and 5-1 adjustable rate mortgages increased to 5.69 percent from 5.68 percent.

Mortgage Type Average Rate Average Rate % Change
Week ending 10/19/08 Week ending 10/12/08
30-year fixed 6.36% 5.95% 6.9%
15-year fixed 6.00% 5.65% 6.1%
5-1 ARM 5.69% 5.68% 0.1%

Rates for 30-year fixed mortgages appeared to be dipping again on Monday evening, however, with the average rate on Zillow Mortgage Marketplace at 5.97 percent.

At a state level, the 30-year fixed mortgage rate in North Carolina saw the most significant increase from 5.79 percent to 6.38 percent. Rates on 30-year fixed mortgages were lowest in the states of Colorado (6.24%) and Oregon (6.25%), while Connecticut (6.49%) and Maryland (6.45%) had the highest rates.

The Zillow Mortgage Rate Monitor is compiled each week using thousands of mortgage rates quoted on Zillow Mortgage Marketplace (www.zillow.com/mortgage) by mortgage lenders to borrowers who have submitted loan requests. State-level data is gathered for the top 20 states with the highest quote volume on Zillow.

Zillow Mortgage Marketplace is an open and transparent lending marketplace, providing borrowers an anonymous and hassle-free way to receive an unlimited number of customized mortgage quotes directly from confirmed lenders.

For more detailed rate charts and data, as well as choices of mortgage calculator, please visit www.zillow.com/mortgage.

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2008 Housing Counseling Demand Soars 184 Percent at Consumer Credit Counseling Service of Greater Atlanta

PRNewswire/ -- More than 30,000 Americans turned to Consumer Credit Counseling Service (CCCS) of Greater Atlanta for housing counseling in the first half of 2008, nearly equaling the agency's total number of housing clients for all of 2007.

The increase in families seeking the nonprofit agency's help tracks the deepening of a national mortgage crisis that initially affected mostly low-income borrowers, but is now spreading to people with higher household incomes. For the first time in the 44-year history of CCCS of Greater Atlanta, the average household income of clients seeking housing counseling exceeded $40,000.

In addition to a 184 percent jump in new housing counseling sessions in the first six months of 2008 compared to last year, the agency helped many more people overall in each area of service:

-- Total counseling sessions conducted in person, by phone and over the Internet, increased from 120,000 in the first half of 2007 to 170,641 in the same period this year, an increase of more than 41 percent.

-- Bankruptcy counseling sessions increased from 79,417 in the first half of 2007 to 100,789 in the same period this year, an increase of 26.9 percent.

-- Budget and debt counseling sessions increased from 29,544 in the first half of 2007 to 38,837 in the same period this year, an increase of 31.5 percent.

"Demand for our counseling services is rising significantly as people try to avoid foreclosure and bankruptcy, as well as cope with rising gasoline and food costs," said Suzanne Boas, president of CCCS of Greater Atlanta. "Our agency will add at least 80 new housing counselors in the second half of this year to continue to help people avoid foreclosure and meet other financial needs."

The hiring of 80 new housing counselors and plans to open a new metro Atlanta counseling center are the result of a $2 million grant made in June by the Ford Foundation. The grant will support the agency's expansion of a pilot test of a new software platform that lets credit counselors eliminate lengthy delays faced by homeowners in urgent need of modified mortgages.

Approximately three-fourths of housing counseling sessions during the first half of 2008 involved individuals seeking help to avoid foreclosure of their home. The Atlanta-based agency is one of the nation's leading nonprofit counseling agencies helping people seek solutions to foreclosure. It provides counseling to homeowners in all 50 states 24 hours a day, seven days a week, through a 24-hour hotline, 1-888-995-HOPE.

The rise in people seeking CCCS of Greater Atlanta bankruptcy counseling follows an increase in the country's bankruptcy rate. Federal bankruptcy law requires individuals to complete credit counseling before they can file for bankruptcy. Approximately 20 percent of all of Americans who file for bankruptcy seek counseling help from CCCS of Greater Atlanta.

Budget and debt counseling primarily serves individuals struggling with credit card, medical and other unsecured debt. These people often seek help to pay their creditors. The agency tries to work out debt management plans for people who cannot make their minimum payments.