RECENT BLOG POSTS
State Farm Florida has lost hundreds of millions of dollars in the state in the last decade and risks insolvency if it continues writing property insurance here, company executives told a legislative committee Tuesday.Jim Thompson, president of State Farm Florida, told the House Insurance, Busine...
02/06/2009
More revenue shortfalls are threatening Florida's deficit-elimination plan.But Gov. Charlie Crist said Wednesday that more spending cuts may not be needed if state lawmakers would agree to expand gambling at Seminole Indian casinos and if Congress quickly sends Florida billions of stimulus dollar...
02/06/2009
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Mortgage rates are rising despite government efforts to hold them down, because it's impossible to control all the variables. Mortgage interest rates have climbed recently, for example, because more borrowers refinanced when rates fell, which boosted the supply of mortgage bonds. Experts also att...
02/06/2009
Consumer confidence among Floridians inched up one point to 68 in January despite worse than expected holiday retail sales and the state being tied for 10th place in the percentage of unemployed workers, a new University of Florida study finds.The makeup of the results was quite different from la...
01/30/2009
Sales of new homes plunged 14.7 percent in December to the slowest monthly pace on record as the hobbled homebuilding industry posted its worst annual sales results in more than two decades.The Commerce Department said Thursday that new home sales fell in December to a seasonally adjusted annual ...
01/30/2009
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Looking for a home in South Florida? Now is the time, the window will begin closing by June of 2009. This is the forecast of many economists. Florida was one of the first and hardest hit to experience the decline in home sales and pricing. Florida still has all the same wonderful things to offe...
01/30/2009
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At a time when foreclosures continue to mount, there's less of an appetite to buy these distressed homes, according a survey released Tuesday.The November survey, conducted by Harris Interactive for real estate tracking firms Trulia.com and RealtyTrac, showed that 47 percent of U.S. adults would ...
12/19/2008
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2009 is likely to be a year of continuing adjustment to a changing real estate marketplace. Prepare yourself and your business with these predictions from HGTV's FrontDoor.com Web site. · Sellers will continue to face falling home values in the new year because they'll be competing with banks and...
12/19/2008
Homeowners around the country are scrambling to refinance their mortgages at the lowest rates since the early 1960s as the economy staggers through what's likely to be the worst recession in decades.Mortgage brokers are already reporting a surge of calls from borrowers trying to take advantage of...
12/19/2008
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Florida's sagging economy is weighing heavily on the minds of most state residents, according to a survey released Monday.About 56 percent of respondents said economic problems and unemployment were their top worries, up almost 50 percentage points from a similar poll taken about a year ago. Anot...
12/10/2008