Road to Depression

Commercial foreclosure storm predicted!

FORT WORTH, Texas - March 24, 2010 - The 2010 Tarrant County commercial real estate market looks to be similar to 2009 with one big difference according to local foreclosure expert George Roddy Sr.: a "closing window of opportunity."

Road to Depression

February existing home sales drop for third consecutive month!

WASHINGTON - March 23, 2010 - Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern the fragile housing rebound is faltering, making it harder for the overall economy to recover.

Road to Depression

What's left to fix the housing market?

WASHINGTON - March 21, 2010 - The United States has thrown trillions of dollars at the slumping housing market and it still looks wobbly.

Road to Depression

New York State tax refunds put on hold!

NEW YORK - March 18, 2010 - For hundreds of thousands of New Yorkers, the check won't be in the mail - at least not on time. New York State has stopped paying tax refunds and won't start again until next month.

Road to Depression

Economic mixed bag shows no inflation but little hiring!

WASHINGTON (PNN) - March 18, 2010 - The picture of an economy growing modestly without producing inflation yet struggling to create jobs emerged from government reports Thursday.

Road to Depression

Major hotel working to prevent foreclosure!

ATLANTA, Georgia - March 17, 2010 - A junior lender on the W Atlanta-Downtown hotel and condos at Allen Plaza has advertised the posh hotel for foreclosure, but the project’s developer said Wednesday he is in talks to restructure the debt and save his interests in the luxury high-rise.

Road to Depression

Latvia government collapses amid economic crisis!

RIGA, Latvia - March 17, 2010 - The People's Party, the largest group in a five-party coalition, walked out amid disputes over how to cope with the country's severe problems.