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Chalk up another casualty of the slow housing market. Construction on phase 3 of Hernando Oaks, which includes 142 lots, has been stalled. And that has prompted county commissioners to issue a $5 million performance bond against the developer to ensure the work will get done. ...more
November 12, 2008
Contractor fails to make required improvements. ...more
November 12, 2008
Money used to be like religion or sex: It wasn't talked about in polite company. ...more
November 9, 2008
My wife and I are 65. I work full time and my wife, part time. We'd like to sell our house because it's too big for us. But we know this is not a good time, so we're waiting for the market to improve. In the meantime, we're paying an extra $500 a month on our mortgage. We have a balance of $155,000, and the house was appraised at $240,000 in March. ...more
November 9, 2008
The economy won't heal until the housing market improves, and that's going to take government intervention. ...more
November 7, 2008
After taking over the development of Epperson Ranch from Lennar Corp., Tampa-based Metro Development Corp. won county approval this week for a revised vision for the property off Curley Road. ...more
November 7, 2008
A whopping 29 percent of Florida's homeowners owe more on their mortgages than their homes are worth. And 1.4 million others in the state may soon join them if property values keep falling, according to a report from First American CoreLogic, a Santa Ana, Calif.-based company that analyzes loan data for lenders. ...more
November 4, 2008
With Congress considering a new spending package to get the economy moving, think tanks and lawmakers are tossing out stimulus proposals faster than their aides can pump out news releases. Here are some outside-the-Beltway ideas to supercharge the nation's economy. ...more
November 4, 2008
We in the press deserve some blame for not warning loudly enough early enough that the fast-moving housing market was circling the drain. ...more
November 1, 2008
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