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Hernando Today

housing slump

Rebate Plan Hinges On U.S. Habits

Despite remarkably quick passage, the government's economic aid plan and its cash rebates may come too late to prevent a recession this year. For many experts, however, the $168 billion boost to the lagging economy may mean the difference between a short downturn and something much more serious. ...more

February 10, 2008

Sales Of Homes Continue To Slide

The number of Americans signing contracts to buy previously owned homes fell more than forecast in December, reinforcing Federal Reserve officials' view that the housing slump won't bottom out until late this year. ...more

February 8, 2008

Residents Quickly Feel At Home

Frank Saia and Bob Langlois settled in just fine after moving to the SkyPoint high-rise in June. In fact, they already want a larger unit. ...more

February 7, 2008

Luxury Homebuilder Toll Bros. Reports Big 1st Quarter Loss

More than a year ago, the chief executive of luxury-home builder Toll Bros. Inc. thought the housing slump could be touching close to bottom. ...more

February 7, 2008

Sarasota Said To Be Among Riskiest Sites For Home Loans

Countrywide Financial Corp. says Manatee, Sarasota and Charlotte counties are among the riskiest communities nationwide in which to make mortgage loans. ...more

January 30, 2008

Bay Area Has Worst Hit Ever As Housing Slump Continues

In the face of rising inventories of vacant homes and declining orders for new ones, Tampa Bay homebuilders slashed construction 59 percent in 2007, according to preliminary data released Thursday by Metrostudy, a Houston-based housing research firm. ...more

January 18, 2008

Layoffs 'Very, Very Likely' At USF

The University of South Florida plans to cut more than $52 million from its budget during the next two years, a grim prospect that likely will force layoffs and could further reduce the number of students accepted. ...more

January 18, 2008

GM, Ford Hope Foreign Sales Ease Recession Bumps

General Motors Corp. Chief Executive Officer Rick Wagoner says the United States is in an automotive recession. It's not likely to end this year, and Wagoner and his fellow CEOs are looking abroad for help. ...more

January 17, 2008

Fed Outlook Paints Picture Of Rising Recession Danger

Retailers, home builders and many manufacturers should brace for even more rough times ahead, a somber Federal Reserve suggested Wednesday amid growing fears that the United States might be sliding into recession. ...more

January 17, 2008