Has Florida's condo market finally bottomed out?
After a succession of year-to-year decline, the median condominium price rose 9 percent in October compared with October 2010. The median price is now $87,800, according to data released Monday by Florida Realtors.
That figure would appear to give Florida condos room to rise further, as the national median price was $163,800 in September.
The Florida condo sales volume was up a healthy 12 percent to 6,132 units.
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Florida existing home sales in October shot up 13 percent from a year ago as the median price fell, according to figures released Monday by Florida Realtors.
Buoyed by lower interest rates and improved consumer confidence, sales increased in 17 of 19 metropolitan areas across the state, the association's chief economist reported Friday. Median prices were off about 4 percent statewide, falling to $131,200 from $136,600 a year ago.
U.S. Rep. Allen West, R-West Palm Beach, on Monday morning blamed politics and partisanship, primarily from the White House, for the reported pending failure of the congressional supercommittee, officially known as the Joint Select Committee on Deficit Reduction.
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Michele Bachmann's new book, "Core of Conviction," is part memoir, part bill of indictment against the Obama administration, and almost always "right."
Railing against "economic declinists, foreign-policy defeatists and anti-family relativists," the GOP presidential candidate goes well beyond the usual party-line pablum.
In fact, she's particularly hard on Republican backsliders, aka RINOs.
Calling child labor laws "truly stupid," GOP presidential candidate Newt Gingrich wants poor children to clean their schools for money.
In a speech at Harvard's Kennedy School of Government, the former House speaker said schools in low-income areas "should get rid of unionized janitors, have one master janitor, pay local students to take care of the school. The kids would actually do work; they'd have cash; they'd have pride in the schools. They'd begin the process of rising."
CNN reported Gingrich as adding:
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A poll of likely Republican primary voters unveiled by American Research Group on Monday found that former Gov. Mitt Romney of Massachusetts continued to lead in New Hampshire, home of the first presidential primary.
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A survey by Forbes magazine lists Jacksonville as No. 6 in the nation for high-tech growth.
Seattle was No. 1, followed by Baltimore; Columbus, Ohio; Raleigh, N.C.; and Salt Lake City.
Jacksonville led the second tier of large cities, followed by Washington, D.C., and San Bernardino-Riverside Calif. Orlando placed 24th.
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The supercommittee apparently wasn't so super. The members announced Monday they would not be able to meet the deadline of Nov. 23 for finding $1.2 trillion to $1.5 trillion in savings in our federal government over the next 10 years.
Gridlock at the budget supercommittee is generating movement on at least one front: The Dow tumbled more than 320 points (2.6 percent) Monday morning.
The prospect of continued nonaction in Washington made stock traders decidedly bearish as Republicans on the 12-member panel aren't buying Democrats' proposed tax increases ("revenue enhancements") while Democrats won't go along with proposed GOP cuts.
The committee's failure to meet today's deadline to produce $1.2 trillion in budget cuts will trigger automatic reductions in Medicaid and defense spending.
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