The Real Deal |
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 Latest updates and chat about South Florida real estate from Post reporters.
Provider: PalmBeachPost.com
Feed Type: Informational
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Most recent items from this feed:
Mortgage scammer sentenced to 30 months
Convicted mortgage scammer Ralph Michel was sentenced this morning to 30 months in federal prison for his role in using dozens of properties to rip off lenders for millions. Michel’s attorney described him as illiterate and said he was far...
12/01/2008 02:30 AM
Bargain hunters going full speed ahead, and damn the recession
Economists expect this holiday shopping season to be one of the worst in decades. They blame rising unemployment, falling home prices, a plummeting stock market and record-low consumer confidence. Even so, throngs of shoppers swarmed electronics retailers and department stores...
11/27/2008 10:28 PM
AmTrust hit with lending restrictions, BankUnited reports huge loss
As the housing market craters, the fifth- and sixth-largest banks in Palm Beach County are getting pummeled with body blows. Cleveland-based AmTrust, the county’s No. 5 bank with $2.5 billion in deposits, was slapped last week by federal lending restrictions....
11/25/2008 06:41 AM
Florida consumer confidence falls, portends weak holiday shopping
Consumer confidence among Floridians fell one point in November to 62, “ushering in what may be the worst holiday buying season in decades,” the University of Florida Bureau of Economic and Business Research says today. “Although consumer confidence rose in...
11/25/2008 01:51 AM
Prices plunged, sales spiked in October, Realtors say
The region’s home prices continued to plunge in October, but sales volumes spiked, the Florida Association of Realtors said today. In Palm Beach County, the median price for an existing house fell to $264,600. That’s down 24 percent from a...
11/24/2008 01:23 AM
In town of Palm Beach, prices still rising, sales volumes dropping
Gotta love those contrarians on the other side of the Intracoastal. Everyone else in the county and country might have decided that homes are worth less now than they were three years ago. But in Palm Beach, prices are rising....
11/21/2008 05:46 AM
UCF economist predicts dismal holiday shopping season
Here’s University of Central Florida economist Sean Snaith’s outlook for the holiday shopping season: “Next week’s Black Friday should be one for the record books. But it won’t be cheery for retailers. “Snaith, the director of UCF’s Institute for Economic...
11/21/2008 12:30 AM
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