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| Realtor adapts to a changing market
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| SMALL FIRM: Agent caters to 'the little guy' in the new real estate picture
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| @ Sarasota Herald Tribune | Posted: 05/18/09 at 0201 EDST
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| Mass auctions of foreclosed homes not as successful as billed
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Back in February, a company called Real Estate Disposition Corp. announced it had snagged bids for 131 of 176 homes on the block at the Grand Hyatt in Tampa. Leave aside the fact that REDC admitted later that only 75 homes actually sold on Feb. 7. When I plowed through the first part of the "sold" list and compared addresses against property appraiser records, I didn't find a single home that closed as of Thursday. Not one.
Editor's Comment: This is a good read.
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| @ St. Petersburg Times | Posted: 05/18/09 at 0315 EDST
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| Now is a good time to refinance debt
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| With the federal government spending as much as they are, there is no question in my mind that we will see a significant increase in interest rates as we are forced to finance the giant deficits that we are currently building.
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| @ Bradenton Herald | Posted: 05/18/09 at 0320 EDST
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| Orlando apartments have plenty of vacancies
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| The local market's overall vacancy rate has climbed to nearly 10 percent and is expected to reach 11.1 percent. Construction this year will slow to 900 units, down sharply from nearly 3,400 units in 2008. Still, tenant demand will remain tepid because of the recession. Asking rents are forecast to fall 2.5 percent to $868 a month, while effective rents are expected to decline 3.3 percent to $798 a month.
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| @ Orlando Sentinel | Posted: 05/18/09 at 0330 EDST
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| Is recession's end here? Economist sticks with May 15 as bottom of the bust
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| Take it to the bank: As of this day, the economic downturn is officially over. At least according to James F. Smith. When he confidently predicted several months ago that the recession would end as of May 15, Smith was among the most optimistic economists around. He's still confident the big bust will bottom out right on schedule.
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| @ Chicago Tribune | Posted: 05/18/09 at 0345 EDST
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| Peoria economy shows signs of recovery, according to BU professors
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| Signs are the recession will end sometime during the second half of this year. So say two Bradley University economics professors .
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| @ Peoria Journal Star | Posted: 05/18/09 at 0400 EDST
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| U.S. budget chief says signs of economic free-fall over
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| The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted.
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| @ Reuters
| Posted: 05/18/09 at 0415 EDST
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| Manufacturing and Trade Inventories and Sales
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| U.S. total business sales for March were $971.7 billion, down 1.6% from last month. Month-end inventories were $1,404.1 billion, down 1.0% from last month.
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| @ U.S. Census Bureau | Posted: 05/18/09 at 0419 EDST
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| The Consumer Price Index for All Urban Consumers increased 0.2 percent in April before seasonal adjustment.
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| This index has fallen 0.7 percent over the last 12 months, due primarily to a 25.2 percent drop in energy prices. The year-over-year declines in March and April are the first since 1955.
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| @ Bureau of Labor Statistics | Posted: 05/18/09 at 0646 EDST
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| Pound to Rally After 20% Slump Makes British Real Estate a `Screaming Buy'
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| While the Bank of England said it expects a “protracted” economic recovery in the U.K., where unemployment is the highest since Prime Minister Gordon Brown’s Labour Party came to power in 1997, investors from Millennium Asset Management to Mellon Capital Management Corp. are betting the pound’s decline is coming to an end.
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| @ Bloomberg News | Posted: 05/18/09 at 0646 EDST
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| The poor - Are smooth operators
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Their economic features are what economists like to call “consumption smoothing”—spreading spending out in a way that ensures that what you eat one day is not determined by what you have earned that day or the day before. The subjects used a combination of loans and savings to ensure that their lives were not, literally, hostage to fortune. Hardly anyone lived utterly hand-to-mouth.
Editor's Comment: This is a good read.
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| @ The Economist | Posted: 05/18/09 at 0652 EDST
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| UK employers snub wage freezes
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| A substantial proportion of employers are continuing to pay increases of 3 or 4 per cent in spite of the growing number of wage freezes.
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| @ Financial Times - UK | Posted: 05/18/09 at 0655 EDST
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