"As banks pull back on risk taking across the nation, consumer-loan balances in places like Huntsville, Ala., are rising. In Huntsville, a metropolitan area of 376,000 that is home to many government contractors, borrowing increased 13.2% per household in last year's fourth quarter, compared with the year-earlier period, according to data provided to The Wall Street Journal by Moody's Economy.com and Equifax Inc.

Huntsville's increase was the largest among 207 U.S. metropolitan areas tracked by the two data-gathering firms. Similar-size cities such as McAllen and Brownsville, Texas; Yakima, Wash; Provo, Utah, and Lafayette, La., also saw consumer-loan balances rise by more than 8% year-over-year." -By DAN FITZPATRICK

 
Posted by Angie Raetz on 05/07/2009 12:03 AM   Comments (1)   Good News Huntsville! in the Home Buying Channel   good news huntsville  
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1 Comments on Good News Huntsville!

MAY
07
2009
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Angie - that's huge news!!!  Thanks for sharing and keep it going.

Cheers
12:24am • #1


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Angie Raetz

Huntsville, AL

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