As predicted, the Fed (Federal Reserve) announced today it would lower the federal funds rate 25 basis points (a quarter percent) to 4.5 percent. (more…)

Despite a demand in purchase mortgages, refinance loans pushed total mortgage applications higher last week according to the Mortgage Bankers Association. (more…)

The developers of the disastrous Trump Tower Tampa have been granted up to 65 more days to respond to the a lawsuit filed by Donald Trump. (more…)

Due to the downturn in construction, the city of Sebastian wants to stop certifying new construction contractors. (more…)

Every time economists and Wall Street executives estimate full extent of the damages from the real estate downturn, reports indicate conditions were worse than estimates. (more…)

Existing home sales in Palm Beach County had a sharp decline mirror the national trend. (more…)

September sales in the Sarasota-Brandenton metro area dropped 25 percent from a year ago while the median home price dropped 15 percent from a year ago. (more…)

The state-run Citizens Property Insurance is expected to lose 200,000 policies by the end of the year. (more…)

Countrywide Financial reported a third-quarter loss of $1.2 billion citing losses on mortgages loans they could not sell as well as defaulted loans. (more…)

Although buyers have been dropping their prices in the Tampa Bay area, home sales continue to drop. (more…)