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Home Sales Rise By 1% Across Tampa Bay Area
For the first time in 21/2 years, home sales in the Tampa Bay area increased, but condominium sales continued to plunge. ...more
June 27, 2008
Home Sales Rise 1% Across Tampa Bay Area
TAMPA - For the first time in two and a half years, home sales in the Tampa Bay area increased while condominium sales continued to plunge. ...more
June 26, 2008
Economist: State's Road Rocky
It isn't easy being an economist nowadays. Everyone wants a rosy report on the economy, but all Bob Allsbrook can offer - at least for now - is more pain for Florida housing and its economy. ...more
June 26, 2008
Key Rate Holds Steady At 2%; Inflation Risks Have Increased
The Federal Reserve decided on Wednesday to leave a key interest rate unchanged and cited a heightened risk of inflation, which could lead to rate increases down the road. Private analysts said the Fed might delay the first rate increase until December. ...more
June 26, 2008
Consumer Confidence Drops To 16-Year Low
U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gasoline prices have pushed confidence to the lowest level since 1992. Consumers' view of the economic future has never been lower, raising worries that already weak consumer spending could deteriorate further. ...more
June 25, 2008
Housing Market Won't Bottom Out Until Builders Cut Prices Significantly
last week's 6.3 percent increase in April's pending home sales index, for example - there's a flurry of pronouncements that the residential real estate market has bottomed. ...more
June 19, 2008
Inflation Mixed With Weak Growth Leads To Stagflation
The U.S. economy may be suffering from its first bout of stagflation since the start of this decade, reports on housing, prices and manufacturing indicated. ...more
June 18, 2008
30-Year Mortgage Interest Rates Jump
Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns about what the Federal Reserve might do to battle inflation. ...more
June 13, 2008
Retail Sales Buy Economy Time
The stimulus checks are working. A big increase in retail sales signaled that people are spending their rebate payments, helping to ward off a serious economic slump, at least for now. ...more
June 13, 2008
High Costs Of Energy, Food Keep Chokehold On Economy
The economy remained "generally weak" heading into summer as rising costs for energy and food pounded consumers and forced some companies to push their own prices higher. ...more
June 12, 2008
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