Some News you may want to know

TODAY'S TOP STORIES form Florida Association of Realtors®

Welcome to the bottom: Housing begins slow rebound
WASHINGTON – Aug. 3, 2009 – It was – note the past tense – the worst housing recession anyone but survivors of the Great Depression can remember.From the frenzied peak of the real estate boom in 2005-2006 to the recession’s trough earlier this year, home resales fell 38 percent and sales of new homes tumbled 76 percent. Construction of homes and apartments skidded 79 percent. And for the first time in more than four decades of record keeping, home prices posted consecutive annual declines.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=220855

AP analysis: Foreclosures stabilize in key states
ORLANDO, Fla. – Aug. 3, 2009 – Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust – California, Arizona and Florida – stabilized in June, offering hope that the worst of the real estate crisis is over, according to The Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=220859