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31%  
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Keyword: extexansucks

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  • Housing Slump Threatens Jobs

    08/21/2006 5:40:55 PM PDT · by ex-Texan · 31 replies · 1,756+ views
    US News.com ^ | 8/20/2006 | Alex Markels
    The economy's growth has never before been so driven by real estate. Now that engine is sputtering. Jiany Massad isn't quite ready to throw in the towel on his fledgling career as a Miami real-estate tycoon. But if the local housing market continues to head south, the 30-year-old real-estate broker is already making alternate plans. "I might restart my old business," he says of a home decorating company that specialized in high-end window treatments. "At least it's real-estate-related." With home sales down by nearly a third in Florida last quarter, thousands of those who hoped to cash in on the...
  • Mortgage Malaise is Spreading

    07/24/2006 8:30:41 PM PDT · by ex-Texan · 188 replies · 4,731+ views
    St. Petersberg Times ^ | 7/22/2006 | James Thorner
    Many brokers thrived last year amid record home sales, but this year the industry has taken a turn for the worse. TAMPA — The sneeze came first: Home sales in the Tampa Bay area dropped by a third from last year’s peak. For symptoms of the developing head cold, plunge into the exhibition hall at the Tampa Convention Center, where the Florida Association of Mortgage Brokers is holding its annual trade show. Puffed up to handle record-breaking home sales of last year, which poured money into savvy brokers’ pockets, the residential lending industry and affiliated businesses are mostly deflating this...