No Meaningful Recovery of Commercial Real Estate Until 2011

Although the economy has been growing lately, fallout from the recent recession continued to negatively impact commercial real estate sectors in the fourth quarter, but there is hope for some improvement next year, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said commercial real estate almost always lags the economy. “Because of [...]

Fourth Quarter Existing Home Sales Surge in Most States

Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors ® .
Sales increased from the third quarter in 48 states and the District of Columbia; 32 [...]

Scam of the Day-Work-at-Home Schemes

From: Snopes.com
Scam: Advertisers offer kits that enable home workers to make money posting links on the Internet.
Example:
If you live in Canada or the US and you have been wanting to work from home, you might be in luck. Google has now released a new ‘Work From Home Program’ that will allow Americans to work [...]

2009-Record Year for Foreclosures

REALTYTRAC® YEAR-END REPORT SHOWS RECORD 2.8 MILLION U.S. PROPERTIES WITH FORECLOSURE FILINGS IN 2009
By RealtyTrac Staff
December Foreclosure Actions Mark Tenth Straight Month of Over 300,000 Notices
and Drive Yearly Total to Over 3.9 million Foreclosure Filings
IRVINE, Calif. – Jan. 14, 2010 – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its [...]

Sales of Existing Homes Improves

~”This clearly is a rush of first-time homebuyers”~
Nationally, the sales of existing-homes rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.
Existing home sales, including single-family, townhomes, condominiums and co-ops – rose 7.4 [...]

Consumer Price Index Has First Positive 12-Month Change Since February

CONSUMER PRICE INDEX – NOVEMBER 2009
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4
percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months the
index increased 1.8 percent before seasonal adjustment, the first positive 12-month change since
February 2009.
The seasonally adjusted increase in the [...]

Existing Home Sales Gain Some Steam

Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, while inventories continue to decline, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – surged 10.1 percent to a seasonally adjusted annual rate1 [...]

Lee Unemployment Down-But Not by Much

Unemployment in Lee County is down to 13.7% in October from a high in September of 13.9% according to Florida’s Agency for Workforce Innovation. Statewide,Florida’s seasonally adjusted unemployment rate for October 2009 is 11.2 percent.  This represents 1,027,000 jobless out of a labor force of 9,175,000.  The unemployment rate is nearly unchanged from the revised [...]

Unemployment At Highest Level Since 1983

The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment
continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job
losses over the month were in construction, manufacturing, and retail trade.
In October, the number of unemployed persons increased by 558,000 to 15.7 million. The
unemployment rate rose by [...]

Florida Unemployment Reaches Record High

By Patrick Comer
Florida’s jobless rate has reached its highest level since the depression according to the U.S. Department of Labor, Bureau of Labor Statistics. In September of 2008 Florida had an unemployment rate of 6.7%. This September the percentage of unemployed workers in the state had climbed to 11.0%. Lee County’s rate of unemployment is [...]

Next Page »