A four-bedroom, 2,952-square-foot town home in the sought-after FishHawk Ranch neighborhood has been sitting empty for more than a year. ...more

November 30, 2008

Recent efforts to hammer out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages have brought up an interesting quandary. Is it the government's job to intervene in what is in part a crisis wrought by greedy lenders and naive and imprudent borrowers? Agreed, the government should not bail out financial irresponsibility, but sometimes there's no alternative. Those opposed to any government initiative to rescue the market before 2 million loans adjust to a higher interest rate –– and borrowers are stuck with payments they cannot afford –– are forgetting that the ripple effect of not doing anything could seriously hurt the general economy. ...more

December 3, 2007

Raffles, festive balloons, open houses, car giveaways. Will any of these incentives sell houses? Not at the moment. ...more

November 20, 2007