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| Office vacancy rates in Tampa Bay
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| The good, bad and ugly
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| @ Bradenton Herald | Posted: 06/30/09 at 0201 EDST
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| We'll come back better, real estate experts say
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| Speakers at a real estate forum Monday night painted a picture of a Southwest Florida market plagued with tight money, low appraisals and commercial projects worth less than the borrowed money that paid for them. But most believe the area will see good times again within five years as bargain-hunting home buyers arrive in droves and industrial companies move operations here to take advantage of rock-bottom commercial building prices.
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| @ Ft. Myers News Press | Posted: 06/30/09 at 0315 EDST
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| Faced With Foreclosure? Don't Move Out of Home
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| The flood of foreclosures has clogged the courts, allowing homeowners to stay in their homes while the paperwork goes through the system. Many homeowners are unaware that they can remain at home for months while the foreclosure is in court, lawyers say. And homeowners willing to challenge the foreclosure sometimes can remain in their homes for more than a year, sometimes more than two years, just by filing a few basic legal documents.
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| @ Lakeland Ledger | Posted: 06/30/09 at 0320 EDST
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| There's gold in them there walls: The business of tainted drywall
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| What do environmental laboratories, building contractors, chemical manufacturers and air quality technicians all have in common?
All these businesses are hoping to be the ones to come up with a million-dollar answer that will solve the tainted Chinese drywall problem and to secure a share of the potentially lucrative remediation of thousands of homes across the country. What do environmental laboratories, building contractors, chemical manufacturers and air quality technicians all have in common? All these businesses are hoping to be the ones to come up with a million-dollar answer that will solve the tainted Chinese drywall problem and to secure a share of the potentially lucrative remediation of thousands of homes across the country.
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| @ Palm Beach Post | Posted: 06/30/09 at 0330 EDST
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| Hard to collect damages from manufacturers of shoddy goods
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| The makers of faulty Chinese products rarely suffer any consequences for their actions.
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| @ Miami Herald | Posted: 06/30/09 at 0345 EDST
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| Chicago office vacancies hit highest level in 2 years
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| The downtown office vacancy rate continued to climb in the second quarter, reaching 11.9%, the highest level in two years. The vacancy rate rose from 11.5% during the first quarter, according to a preliminary second-quarter report by real estate firm CB Richard Ellis Inc. Vacancies have been steadily increasing since the third quarter of 2008, when the rate stood at 10.7%.
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| @ Crain's Chicago Real Estate Daily | Posted: 06/30/09 at 0400 EDST
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| Options volatility Index drops
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| That's the level of the Chicago Board Options Exchange's Volatility Index, Wall Street's fear gauge, which Monday returned to its level before the September collapse of Lehman Brothers Holdings Inc. Lehman filed for the biggest bankruptcy in U.S. history on Sept. 15, prompting a freeze in credit markets. The VIX surged 24 percent to 31.70 that day and didn't fall below 30 again until May. The VIX, with a historic average of 20.18, peaked at 80.86 in November and hit an intraday high of 89.53 Oct. 24.
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| @ Chicago Sun Times | Posted: 06/30/09 at 0415 EDST
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| The Conference Board Reports Online Job Demand Down 66,700 in June
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| Nationally, labor demand shows modest growth of 35,000 since March - States show a mixed picture in June: 24 posting gains and 26 posting declines - Modest growth in job demand evident in Florida and Georgia over last few months - Occupations: June advertised vacancies for healthcare support occupations are running at the same level as last year
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| @ The Conference Board | Posted: 06/30/09 at 0419 EDST
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| U.K. First-Quarter GDP Drops 2.4%, Most Since 1958
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| Gross domestic product fell 2.4 percent from the final three months of 2008, compared with the prior measurement of a 1.9 percent drop. Gross domestic product fell 2.4 percent from the final three months of 2008, compared with the prior measurement of a 1.9 percent drop.
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| @ Bloomberg News | Posted: 06/30/09 at 0646 EDST
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| UK house prices up for 2nd month
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| British house prices rose for the second month running in June, leaving them less than 10 per cent down on a year ago, the Nationwide building society said today, in another sign the market may be stabilising. The figures followed a survey by GfK/NOP which showed consumer confidence hitting its highest level in 14 months in June as Britons became more optimistic about their finances. The data added to the view Britain may be one of the first major economies to pull out of recession and helped lift sterling to its highest level of the year on a trade-weighted index.
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| @ Irish Times | Posted: 06/30/09 at 0652 EDST
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| Concern as UK weak lending continues
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| Lending to households and corporates was extremely weak in May - data from the Bank of England showed yesterday - fuelling worries over the UK's ability to recover from recession. The Bank of England said that UK mortgage lending for all purposes rose by only a net £324m in May - the weakest monthly increase since comparable records began in April 1993.
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| @ Glasgow Herald | Posted: 06/30/09 at 0655 EDST
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