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| Southwest Florida homebuilders see a glimmer of hope
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| The inventory of unsold new homes dropped from 947 in the fourth quarter of 2008 to 842 at the end of the first quarter. That's because the number of home starts stayed low: 228 in the first quarter.
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| @ Ft. Myers News Press | Posted: 05/19/09 at 0201 EDST
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How to sell a condo: Bring it to the customer
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| The concept is test marketed in Jacksonville, where sales have been poor. The store is a branch of an 11-year-old condominium liquidation business and is the brainchild of Roman Bodnarchuk, founder of St. Augustine-based real estate marketing company N5R Realty Advisors, CondoOutlet's parent company. Bodnarchuk said the store, a 10,000 square foot showroom for selling condominiums in developments where sales have ground to a halt, is a prototype and Jacksonville is so far proving a good test market.
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| @ Jacksonville Times Union | Posted: 05/19/09 at 0315 EDST
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| Most families now find ownership within reach in Palm Beach County
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| In Palm Beach County, 65.7 percent of new and existing homes sold in the county were affordable to a family making the county's median income of $67,600, the study says. That's up from 53.5 percent in the fourth quarter.
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| @ Palm Beach Post | Posted: 05/19/09 at 0320 EDST
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| Builder Confidence Continues To Rise In May
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| Builder confidence in the market for newly built, single-family homes improved for a second consecutive month in May to the highest level since September of 2008, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI rose two points to 16 this month.
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| @ National Association of Home Builders | Posted: 05/19/09 at 0330 EDST
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| U.S. home starts seen rising to 520,000 units in April
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| The rate of groundbreaking for new homes is expected to rise in April but will be tempered by a glut of unsold homes that will probably keep many U.S. home builders off the job. Housing starts in April are expected at an annual rate of 520,000 units, up from 510,000 in March.
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| @ Reuters | Posted: 05/19/09 at 0345 EDST
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| The Great Ethanol Scam
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| Not only is ethanol proving to be a dud as a fuel substitute but there is increasing evidence that it is destroying engines in large numbers
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| @ Business Week | Posted: 05/19/09 at 0400 EDST
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| Stop This Train!
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| Are trains slower now than they were in the 1920s? Significantly so!!
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| @ Slate | Posted: 05/19/09 at 0415 EDST
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| Goldman, Morgan Stanley Apply to Repay Bailout
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| Goldman Sachs, JPMorgan Chase, and American Express were expected to be in the first wave of major lenders allowed to return TARP funds.
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| @ CNBC | Posted: 05/19/09 at 0419 EDST
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| Big banks, but stable ones
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| What’s curious about the relative health of the New Zealand banking system is that it’s dominated, by four big Australian banks, which also dominate the Australian banking system.
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| @ The New Yorker | Posted: 05/19/09 at 0646 EDST
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| UK looks towards sale of bank stakes
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| Britain has begun taking soundings with sovereign wealth funds and other investors about selling stakes in its part-nationalised banks as it seeks to tap into a revival of stock market confidence in the financial sector.
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| @ Financial Times - UK | Posted: 05/19/09 at 0652 EDST
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| German Investor Confidence Rises to Three-Year High
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| The ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict economic developments six months ahead, increased to 31.1 from 13 in April.
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| @ Bloomberg News | Posted: 05/19/09 at 0655 EDST
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