Please sit down while reading this. We have identified a promising sign in our local economy. Everyone's been looking for something positive and although it's small right now, it's something to make us feel good about, and we all desperately need that these days. ...more

February 27, 2009

Is 'CPR' For Real? According to Hernando Today reporter Michael D. Bates, "the comprehensive plan for recovery" would retrieve $2.5 million from the general fund to help potential homeowners buy up foreclosed homes. It's odd homebuyers would need this kind of help. ...more

February 15, 2009

The local property appraiser didn't think much about the recent data that ranks Hernando County among one of the hardest hit in the housing crisis. ...more

February 12, 2009

Buyers anxious to snatch up deals on Florida condos may have to plunk down higher down payments and have the condominium complex scrutinized. Fannie Mae, one of the largest providers of U.S. mortgages, is requiring more cash upfront and taking over the condo review process from its lenders. Amy Bonitatibus, Fannie Mae spokeswoman, said that's because condos are at a higher risk of failure in this economy. ...more

February 5, 2009

The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. ...more

February 5, 2009

Senate Republicans circulated a sweeping plan to drive down the cost of mortgages by expanding the federal government's role in the industry, officials said Monday night as debate opened on an economic stimulus bill at the top of President Barack Obama's agenda. ...more

February 2, 2009

Home sales in the Bay area rose more in December than any month since the downturn began. ...more

January 27, 2009

Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms. ...more

January 25, 2009

The government said Tuesday that it will deploy up to $800 billion to make it cheaper for Americans to get a home mortgage, take out a car loan or borrow money through a credit card, as the government's intervention in the financial system expands to directly address the impact of the credit crisis on consumers. ...more

November 26, 2008

Buoyed by improved affordability, existing single-family home sales in Hernando County rose in September. ...more

November 2, 2008