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| And now, the top 5 in real estate sales in Sarasota County
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| Coldwell Banker Previews International sales agent Judy Kepecz-Hays was the No. 1 Realtor in Sarasota County in terms of sales for the year by mid-July, with $17.4 million worth of property sold.
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| @ Sarasota Herald Tribune | Posted: 07/27/09 at 0201 EDST
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| Loan balloons coming, could trigger new foreclosure 'tsunami'
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| An estimated 2.8 million option adjustable-rate mortgages are scheduled to reset in the coming years, with the peak in mid-2011. Those resets will cause those borrowers’ monthly payments to balloon, potentially triggering a third wave of foreclosures.
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| @ Bradenton Herald | Posted: 07/27/09 at 0315 EDST
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| Home buyers have options in foreclosure-filled market
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| In addition to Lee County's 18.2 million, Cape Coral ($7 million) and Fort Myers ($2 million) also have received funds through the Neighborhood Stabilization Program, which seeks to mitigate the damage done by foreclosures. That’s a worthwhile goal, an effort to reduce blight and empty houses in hard-hit areas. The U.S. Department of Housing and Urban Development oversees the program and is forcing quick action. All funds must be designated by July of 2010 and spent within four years.
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| @ Ft. Myers News Press | Posted: 07/27/09 at 0320 EDST
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| Save Our Homes' tax gap eroding fast during recession
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| During the boom, Florida's Save Our Homes tax break pitted neighbor against neighbor. It was common for identical condos in a building, or similar houses on a block, to receive widely different tax bills depending on when the owner bought. But during the real estate bust, the value of the Save Our Homes tax break has plummeted. The break will shelter $14.6 billion in homesteaded property value from taxes this year, down from $29 billion in 2008.
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| @ Palm Beach Post | Posted: 07/27/09 at 0330 EDST
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| Freddie Mac turns to YouTube to help troubled homeowners
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| Freddie Mac posted a new video on the site that tells borrowers what financial documents they need to have available before calling a mortgage servicer. The documents will enable the mortgage servicer to determine the homeowners' eligibility for a workout and process the application, Freddie Mac representatives note. The two-minute video, available in English and Spanish, can be seen at www.youtube.com/FreddieMacWeb.
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| @ Chicago Sun Times | Posted: 07/27/09 at 0345 EDST
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| For Illinois, recession looking milder, recovery weaker
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| Moody’s Economy.com now foresees a 1.4% decline in gross state product for 2009, better than the 2.1% decline the Pennsylvania-based firm predicted earlier in the year. It’s also better than the 2.7% drop Economy.com forecasts for the national economy.
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| @ Crain's Chicago Real Estate Daily | Posted: 07/27/09 at 0400 EDST
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| Morality and Charlie Rangel’s Taxes
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| It’s much easier to raise taxes if you don’t pay them.
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| @ Wall Street Journal | Posted: 07/27/09 at 0415 EDST
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| Stars align for easing of U.S. credit crunch
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| Multiple market signals are leading analysts to bet that the worst credit crisis since the 1930s is easing, as debt markets slowly heal after two years of extreme upheaval.
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| @ Reuters | Posted: 07/27/09 at 0419 EDST
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| Rebalancing global growth. A long way to go
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| The global recession is coming to an end, but the ingredients of a lasting recovery are still missing.
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| @ The Economist | Posted: 07/27/09 at 0646 EDST
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| Hamburg Steals Top Spot From Munich
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| A study, conducted by the economic research instute Feri for Capital, examined the growth potential for 60 German cities between 2006 and 2015. Compared to last year's rankings, Hamburg shot up from No. 4 to No. 1, ahead of Munich, Münster, Wiesbaden and Freiburg. Other cities that made it into the Top 10 included Heidelberg, Stuttgart, Frankfurt and Düsseldorf.
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| @ Der Spiegel | Posted: 07/27/09 at 0652 EDST
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| Scene set for UK home rental boost
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| The UK is set to experience a boom in American-style mass-produced rental homes as part of proposals by a consortium that meet a government call for greater institutional investment in the residential market.
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| @ Financial Times - UK | Posted: 07/27/09 at 0655 EDST
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