| There was no issue Tuesday, May 12, 2009
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| The ISP for the Real Estate Daily News is Comcast. They again killed our connectivity, this time for some 22 hours; through pure negligence and ineptitude. Physically we have no choice other than Comcast. For those who are considering an ISP, we recommend anyone other than Comcast. We have published the Real Estate Daily News five days a week since September 7, 2007. We never missed an issue. To put it lightly, your editor is VERY angry |
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| Sales of existing single-family homes in Florida rose 25 percent in first quarter 2009 compared to the same period a year earlier
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A total of 31,412 existing homes sold statewide in 1Q 2009; during the same period the year before, a total of 25,071 existing homes sold. It marks the third consecutive quarter that Florida has reported higher existing home sales; sales levels in the third and fourth quarters of 2008 were higher than the corresponding three-month period of the previous year, according to FAR.
Editor's Comment: This is a very pleasant read
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| @ Florida Association of Realtors | Posted: 05/13/09 at 0320 EDST
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| Foreclosure rate increases in Sarasota and Florida
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| A surge in April filings could signal more pain ahead. Lenders, under pressure from the government to clean their books of non-performing assets, are again ramping up their foreclosure efforts. The 3,101 filings in April for Manatee, Sarasota and Charlotte counties represented a 40 percent increase from 2,147 in March. Filings rose 62 percent in Manatee County, 50 percent in Charlotte County and 30 percent in Sarasota County.
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| @ Sarasota Herald Tribune | Posted: 05/13/09 at 0201 EDST
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| Bradenton home sales lag despite huge price drop
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| Local Realtors sold 1,842 single-family homes in January, February and March, 35 more than during the same period a year ago, the association said. Sarasota-Bradenton’s median price — the point where half sold for more, half for less — was $146,900, down $98,700 from the year-ago quarter.
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| @ Bradenton Herald | Posted: 05/13/09 at 0315 EDST
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| Declining prices give Orlando-area home sales a lift
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| Existing-home prices in the Orlando area fell yet again in April, but the number of sales and pending contracts continued to improve from a year ago and the inventory of available homes continued to shrink, as the local housing market feels about for a bottom to its three-year slump.
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| @ Orlando Sentinel | Posted: 05/13/09 at 0330 EDST
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| Home values plunge up to 30 percent in Clearwater coastal areas
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| Overall, Tampa Bay area home values declined 19.8 percent in the first three months of this year compared with the same period in 2008. But in Clearwater Beach, the decline was 29.5 percent. Nearby Sand Key suffered a drop of 28 percent. Down the road in Belleair Beach, values tanked 26 percent.
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| @ St. Petersburg Times | Posted: 05/13/09 at 0345 EDST
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| Economic snapshot reveals positive employment trends in Peoria
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| “The number of people working at the end of the first quarter was still well above the number of people working in the last recession,” Goitein said, noting it dropped to about 170,000 then. There were more than 188,000 working at the end of the first quarter, down 3 percent from a year earlier when 194,000 people had jobs."
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| @ Peoria Journal Star | Posted: 05/13/09 at 0400 EDST
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| Freddie Mac Loses $10 Billion for Quarter.
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| The disclosure automatically prompts a $6 billion investment from the Treasury Department to keep the company solvent, bringing Freddie Mac's bailout total to $51 billion in the first nine months of its government rescue.
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| @ Washington Post | Posted: 05/13/09 at 0415 EDST
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| Homeownership Losses Are Greatest Among Minorities
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| After a decade of growth, the gains made in homeownership by African-Americans and native-born Latinos have been eroding faster in the economic downturn than those of whites, according to a report issued Tuesday by the Pew Hispanic Center. The report also suggests that the gains for minority groups, achieved from 1995 to 2004, were disproportionately tied to relaxed lending standards and subprime loans.
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| @ New York Times | Posted: 05/13/09 at 0419 EDST
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| Ships Tread Water, Waiting for Cargo.
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| Hundreds of cargo ships — some up to 300,000 tons, with many weighing more than the entire 130-ship Spanish Armada — seem to perch on top of the water rather than in it, their red rudders and bulbous noses, submerged when the vessels are loaded, sticking a dozen feet out of the water.
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| @ New York Times | Posted: 05/13/09 at 0646 EDST
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| UK house price decline slows down
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| According to the Department for Communities and Local Government, UK house prices in March were 13.6 per cent below their levels of one year earlier, with the prices paid for flats showing the steepest fall. In the three months through March, house prices fell an average of 3.8 per cent compared with a decline of 6.4 per cent in the three months through December.
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| @ Financial Times - UK | Posted: 05/13/09 at 0652 EDST
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| Slowdown of manufacturing output dip could signal worst of recession is over.
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| UK manufacturing output dipped by just 0.1% during March, the smallest fall in a 13-month run of decline, according to official data yesterday in which February's drop was revised from the 0.9% estimated a month ago to only 0.3%.
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| @ Glasgow Herald | Posted: 05/13/09 at 0655 EDST
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