MOBILE, Ala. (AP) - A regional manager for the Federal Deposit Insurance Corp., says Alabama's financial and real estate markets are doing better than most of the country, even adding 3,300 jobs this year.
FDIC's Marlon Cook of Atlanta gave that assessment to the Coastal Economy Outlook Conference held by the University of South Alabama in Mobile. Cook predicts mortgage credit would "remain under tremendous pressure until the end of the year and into 2009." But, Cook says, Alabama is doing "relatively well" compared to its neighbors in Florida and Georgia, and when compared to the nation.
More than 300 realtors and bankers joined city and county officials from Mobile and Baldwin counties at this week's conference.
