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| Florida’s existing home, condo sales rise in March 2009
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| Florida’s existing home sales increased in March, making it the seventh month in a row that sales activity demonstrated gains in the year-to-year comparison. Existing home sales rose 30 percent last month with a total of 13,085 homes sold statewide compared to 10,080 homes sold in March 2008. Statewide existing home sales in March were 32.7 percent higher than February’s statewide sales.
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| @ Florida Association of Realtors | Posted: 04/24/09 at 0415 EDST
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| Consumer confidence among Floridians rose in March by three points to 65.
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| Perceptions of personal finances now compared to a year ago rose one point to 42 while perceptions of personal finances a year from now remained unchanged at 79. Perceptions of U.S. economic conditions over the next year rose ten points to 59 while perceptions of U.S. economic conditions over the next five years rose 12 points to 79.
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| @ UF Bureau of Economic and Business Research | Posted: 04/24/09 at 0330 EDST
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| Illinois March Home Sales Jump 35.5 Percent from February
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| Total home sales (which include single-family and condominiums) were up 35.5 percent in March 2009 to 6,944 homes compared to 5,125 homes sold in February 2009. Overall, home sales were down 21.1 percent from March 2008 sales of 8,799. The Illinois median price in March 2009 was $149,995, up 6.6 percent compared to $140,700 in February 2009; it was down 21.1 percent from $190,000 in March 2008.
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| @ Illinois Association of Realtors | Posted: 04/24/09 at 0345 EDST
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| Illinois Foreclosure Grace Period
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| Troubled Illinois homeowners facing foreclosure will get up to a 90-day grace period under a law signed by Quinn on April 5. Public Act 95-1047 gives homeowners more time to work with lenders and housing counselors to avoid foreclosure. The new law adds a new section to the Code of Civil Procedure regarding procedures and forbearances for delinquent residential mortgages. The law provides that if a mortgage secured by residential real estate becomes delinquent by more than 30 days the mortgagee must mail a notice advising the homeowner that he/she may wish to seek approved housing counseling. No foreclosure action can begin before mailing this notice- which is spelled out in the legislation. If, within the 30-day period an approved counseling agency provides written notice to the mortgagee that the homeowner is seeking approved counseling services, then no legal action shall be instituted for 30 days after the date of that notice.
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| @ Illinois Association of Realtors | Posted: 04/24/09 at 0400 EDST
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| Florida governor 'open' to Florida drilling plan
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| Gov. Charlie Crist says he is open to a new House proposal that would allow oil and gas drilling as close as 3 miles from Florida's beaches along the Gulf of Mexico. Crist's statement on Wednesday stopped short of an endorsement of the plan, which has sudenly emerged in the legislative session's final days as a way to generate millions of dollars in revenue for the state.
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| @ Sarasota Herald Tribune | Posted: 04/24/09 at 0201 EDST
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| A mandate for drilling on Florida's West coast. Sarasota Herald Tribune editorial
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| Proponents of voiding state and federal bans on oil and gas drilling in Florida's waters -- specifically, off the West Coast -- portray pending legislation as a benign, incremental effort to allow "conversation" and "dialogue." But, despite its brevity, House Bill 1219 provides a far-reaching mandate that demands thorough review and debate which it has not yet received.
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| @ Sarasota Herald Tribune | Posted: 04/24/09 at 0315 EDST
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| Slump Creates Lack of Mobility for Americans
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| Stranded by the nationwide slump in housing and jobs, fewer Americans are moving, the Census Bureau said Wednesday. The bureau found that the number of people who changed residences declined to 35.2 million from March 2007 to March 2008, the lowest number since 1962, when the nation had 120 million fewer people.
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| @ New York Times | Posted: 04/24/09 at 0320 EDST
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| Test of nerves
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Americans fret about bank stress tests. Europeans keep their eyes wide shut.
Editor's Comment: This is a good read
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| @ The Economist | Posted: 04/24/09 at 0419 EDST
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| Broke Costa Rican Farmers Ask Banks to Give Them a Break
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| The monthly economic activity index, or the IMAE, for March, recently released by the Central Bank (BCCR), indicated the agriculture sector has contracted for eight months in a row, showing a 5.2 percent negative growth in February 2009 compared with the same month last year.
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| @ Tico Times Costa Rica | Posted: 04/24/09 at 0646 EDST
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| Jamaica's underdevelopment tied to inability to earn Foreign Exchange.
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Jamaica needs to earn foreign exchange via export-led growth and abandon its policy of borrowing in order to play economic catch-up with Guyana and the rest of the region. New policies Should focus on discouraging importation of agriculture, oil and luxury items whilst encouraging exportation.
Editor's Comment: This is a good read
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| @ Jamaica Observer | Posted: 04/24/09 at 0652 EDST
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| German Business Confidence Rebounds From 26-Year
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| The Ifo institute in Munich said its business climate index, based on a survey of 7,000 executives, increased to 83.7 from 82.2 in March.
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| @ Bloomberg News | Posted: 04/24/09 at 0655 EDST
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