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| A dip in Sarasota area homes for sale
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| Sales were 28 percent higher in March than in February in Manatee, Sarasota and Charlotte counties. And sales this March were 15 percent higher than in March 2008. March's inventory of 19,715 homes in the three counties is nearly 31 percent lower than that of March 2008.
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| @ Sarasota Herald Tribune | Posted: 04/20/09 at 0201 EDST
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| All Indicators Point to Market on the Mend in the Bradenton / Sarasota area
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| Latest report for March-just released-shows that months of inventory based on closed sale transactions have dropped to their lowest levels in over 39 months according to the latest MLS data for March, 2009. In the Tri-County region of Sarasota, Manatee and Charlotte counties, inventories are at their lowest since December 2005.
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| @ Bradenton Herald | Posted: 04/20/09 at 0315 EDST
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| Florida tourism down for the first time in 7 years
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| Prelimary estimates show arrivals plunged 13.6 percent in the October through December period from a year earlier. That eroded visitor increases earlier in the year, leaving Florida with a 2.3 percent decline in visitors for all of 2008 compared to the previous year.
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| @ Ft. Lauderdale Sun Sentinel | Posted: 04/20/09 at 0320 EDST
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| Bankruptcy filings spike in central Illinois
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| Bankruptcies are up sharply in 2009 in central Illinois, where nearly 2,700 bankruptcy cases were opened during the year’s first quarter. That’s an increase of 25 percent over the first three months of 2008, when nearly 2,150 cases were handled by the Central Illinois District of U.S. Bankruptcy Court, which covers Springfield, Peoria and Danville.
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| @ Rockford Register Star | Posted: 04/20/09 at 0330 EDST
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| 'The Largest Failure'
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| J.P. Morgan Chase CEO Jamie Dimon on the lessons of Fan and Fred.
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| @ Wall Street Journal | Posted: 04/20/09 at 0345 EDST
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| Bank Profits Mask Peril Still Lurking
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| "We don't see the light at the end of the tunnel," Edward "Ned" Kelly, Citigroup's chief financial officer, said in an interview, referring to the state of the economy. His company, the most troubled of the large banks, reported that defaults increased during the first quarter on nearly every kind of consumer loan.
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| @ Washington Post
| Posted: 04/20/09 at 0400 EDST
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| When the Real Estate Game Cost $9.95
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| IN the alternate universe of late-night TV infomercials, Carleton H. Sheets once reigned supreme. Standing against a backdrop of tropical seas and gently swaying palm trees, he promised that viewers, no matter how down on their luck, could soar into the ranks of the super-rich by investing in that most bubblicious of assets: real estate. All you needed was Mr. Sheets’s real estate course, available for the low, low price of $9.95. Only five minutes left for this trial offer. Call now. “Why not make this the moment you stop dreaming?” he intoned.
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| @ New York Times | Posted: 04/20/09 at 0415 EDST
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| Home Builder Confidence Posts Biggest Gain In Five Years
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| Builder confidence in the market for newly built, single-family homes rose five points in April to the highest level since October 2008, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This gain was the largest one-month increase recorded since May of 2003, and brings the HMI out of single-digit territory for the first time in six months – to 14. Every component of the HMI reflected the boost, with the biggest gain recorded for sales expectations in the next six months.
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| @ National Association of Home Builders | Posted: 04/20/09 at 0419 EDST
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| Bank of Japan May Lower Its Economic, Price Forecasts
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| The world’s second-largest economy will probably contract 4.2 percent in the year to March 2010, more than twice the pace the central bank projected three months ago. Consumer prices excluding fresh food will tumble 1.3 percent, they said, also faster than the bank’s earlier estimate.
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| @ Bloomberg News | Posted: 04/20/09 at 0646 EDST
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| Ontario Homeowners eligible for tax grants worth $250
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| The province will pay grants of $250 ($500 next year) to offset property taxes on homes of eligible seniors who know to apply on their tax returns. A payment is to arrive two to four months after Canada Revenue Agency sends a notice of assessment confirming receipt of the person's tax return.
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| @ Toronto Star | Posted: 04/20/09 at 0652 EDST
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| Worst of recession over in the UK
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| The bulk of the recession has already past, according to CBI forecasts, but a recovery is not expected to begin until the spring of 2010. Estimates by the employers’ group suggest the first quarter of this year was the worst period of the recession so far, with a 1.8 per cent decline in output compared with a 1.6 per cent fall in gross domestic product in the final quarter of last year and a 0.7 per cent drop in the third quarter. But that brings the fall in output to 4 per cent so far, which is about four-fifths of the total 5.1 per cent fall in GDP that the CBI expects.
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| @ Financial Times - UK | Posted: 04/20/09 at 0655 EDST
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