The Federal Reserve said Wednesday that it will deploy an additional $1.2 trillion to try to lower interest rates and stimulate the economy, an aggressive move aimed at containing the recession. ...more

March 19, 2009

Realtors across the country have been advocating for a comprehensive stimulus package to reduce housing inventory, make mortgages more affordable and available, and help deserving families refinance or modify their loans so they can keep their home. The 650-plus members of the Heartland Association of Realtors and the Lake Placid Board of Realtors are committed to these goals and to getting something done immediately. ...more

February 8, 2009

An index that tracks signed contracts to purchase existing homes rebounded in December, as buyers snapped up properties at deep discounts, especially in the South and Midwest. ...more

February 4, 2009

New-home construction plunged to an all-time low in December, capping the worst year for builders on records dating back to 1959. ...more

January 22, 2009

Rates on 30-year mortgages set a record for a fifth straight week by dropping to below 5 percent, the lowest mark since Freddie Mac started tracking the data in 1971. ...more

January 15, 2009

U.S. mortgage rates dropped to the lowest level in nearly four decades this week as the government stepped up efforts to revive the housing market. ...more

January 1, 2009

Madoff Monitored By Feds; Obama Reacts To Scandal NEW YORK (AP) - Bernard Madoff spent his first day under electronic monitoring Thursday as President-elect Barack Obama said the scandal brought on by the disgraced investor "has reminded us yet again of how badly reform is needed." ...more

December 21, 2008

The Federal Reserve cut its target for a key interest rate to the lowest level on record Tuesday and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. STORY, Page 13 ...more

December 17, 2008

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

Up to 60 percent of homes selling in Florida's hardest-hit markets are distressed properties, and consumers who bought at the height of the market will have to wait up to seven years before values rise to their original prices, a top industry economist said Friday. ...more

November 8, 2008