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New-home construction plunged to an all-time low in December, capping the worst year for builders on records dating back to 1959. ...more
January 22, 2009
It may come as no surprise, but Floridians have lost even more confidence in the real estate market. ...more
January 22, 2009
After three decades in the landscaping business, Paul Herrmann is unsure what the future hold for his San Antonio-based company. ...more
January 18, 2009
Rates on 30-year mortgages set a record for a fifth straight week by dropping to below 5 percent, the lowest mark since Freddie Mac started tracking the data in 1971. ...more
January 15, 2009
The Jan. 11 article by Adrian Sainz, "Retirees May Need A Backup Plan," misses the point. ...more
January 14, 2009
The safety net is almost gone, the nest egg is cracking. Many Americans have recently found themselves changing retirement plans after losing a substantial amount of home equity as the housing market and the overall U.S. economy struggle. These folks face years of living on fixed incomes from pensions, 401(k)s or IRAs, and Social Security, but don't have the time to recover their losses. ...more
January 11, 2009
"Credit, the disposition of one man to trust another, is singularly varying," Walter Bagehot, the financial journalist, wrote 135 years ago. "In England, after a great calamity, everybody is suspicious of everybody; as soon as that calamity is forgotten, everybody again confides in everybody." ...more
January 1, 2009
U.S. mortgage rates dropped to the lowest level in nearly four decades this week as the government stepped up efforts to revive the housing market. ...more
January 1, 2009
Tampa Bay area home prices continued to fall in October, posting a 19.8 percent decline from a year ago, according to the S&P/Case-Shiller home-price index, released Tuesday. ...more
December 31, 2008
TAMPA -- Bay area home prices continued to fall in October, posting a 19.8 percent decline from a year ago, according to the S&P/Case-Shiller home-price index, released this morning. The index, a closely watched indicator of the health of the nation's housing market, tracks 20 metro cities and showed prices dropped 18 percent from last year -- a record decline. ...more
December 30, 2008
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