Aug 20th 2010 3:42PM
The BP oil spill may be receding from national headlines, but Realtors in and around the Gulf region are still in the thick of it. A survey released Tuesday by analytics firm Clear Capital reveals that nearly one-in-four respondents is reporting continued negative impact on the local real estate market. Of those impacted... Continue Reading »
Aug 9th 2010 11:41AM
The largest landholder in the Florida Panhandle is suffering huge losses due to the BP oil spill. And it's looking for someone to pay. The St. Joe Company, a real estate developer in Florida that owns 577,000 acres of land near the Gulf Coast, filed a suit against Halliburton Co. on Aug. 4, asking for more than $1 billion... Continue Reading »
Aug 2nd 2010 5:15PM
The unprecedented BP oil spill disaster just got worse, thanks to the estimated $56,000 drop in home value that every homeowner on the Gulf Coast could experience. As reported in Bloomberg BusinessWeek, the estimate from CoreLogic could seriously impact home values for residents of Gulfport, Miss., Mobile, Ala., Pensacola,... Continue Reading »
Jun 17th 2010 4:22PM
Has your income been hit hard by the oil spill? Frustrated by the slow response of BP and its CEO, Tony Hayward (pictured left)? If you have a Fannie Mae mortgage, you may be eligible for as much as a six-month suspension on your mortgage payments, according to a new emergency program announced by the government-sponsored... Continue Reading »
Jun 2nd 2010 12:00PM
Let's call the incident playing out in the Gulf of Mexico what it is: an oil explosion. An "oil spill" is just too polite a way to put it. And normally, when something spills, it quickly empties of its contents. Meanwhile, things seem to be actually getting worse in the Gulf as BP and others try in vain to cauterize the... Continue Reading »
