A national economist told representatives of the housing industry not to count on a sales turnaround in the Sunshine State for at least 18 months. (more…)

No-money-down Florida mortgages and subprime loans that catered to people with spotty credit are quickly disappearing as lenders tighten their standards in response to a rise in foreclosures… aren’t they? (more…)

If you’re in the market for a Florida mortgage these days, consider: you’d better have good credit and be willing to come up with a substantial down payment on your dream home. (more…)

The Federal Reserve and other regulators should encourage banks, brokerages and other financial institutions to join the government in funneling money to nonprofit groups trying to help troubled borrowers cope with modifying their loans, Sen. Charles Schumer, D-N.Y., said this week. (more…)

Sunshine State residents are spending less on big items and economists say it’s primarily due to one ailment: the slumping Florida housing market. (more…)

Somebody, please … Buy something! (more…)

Local Florida mortgage lenders say the collapse of American Home Mortgage, which has three offices in Lee County, is another sign the mortgage industry is purging itself of high-risk loan practices that are contributing the housing market’s woes and sending shock waves through the U.S. economy. (more…)

Some owners are paying the price for homes built in a hurry during the boom years, according to the cover story in Florida Trend magazine. (more…)

Sunshine State residents are spending less on just about everything - from cars, to furniture and home additions - and it’s due to one main reason: the slumping Florida real estate market. (more…)

The Florida housing market - and across the Southeast - continues to bottom out and will likely stay weak through 2007, a report issued by RBC Centura economist Amy Goldbloom showed. (more…)