According to the Florida Association of Realtors, for the first time in two years, single-family home sales rose last month  . However, median sales prices continued to decline. Ft Lauderdale reported 581 existing home sales, down slightly from last year’s 559 sales. The median sales price fell 19%, to $303,600 from $373,700. Miami saw just 392 existing homes sold in July, a 22 percent drop … [Read more...]

A critically acclaimed new documentary about the US economy, how the budget deficits are effecting the country, the ability to fund social security and medicare in coming years, are all discussed in I.O.U.S.A opening tomorrow around the country. Click here to see the trailer Reuters said this movie “May be to the U.S. Economy what An Inconvenient Truth was to the environment.” In an … [Read more...]

The bad news on the economy keeps coming. The Labor Department reported today that Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years. Wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy, motor vehicles and other products. The increase was more than twice the 0.5 percent gain that economists … [Read more...]

A little over a month ago we asked in a post:  "Oil: Has the Economy Fundamentally Changed and If So What Does it Mean to Domainers?" At that time Oil was at $139 a barrel.  On Friday it closed at over $145. Gold was under $900, Friday it closed at $960. The euro was $1.55 to the dollar, on Friday it closed at over $1.59. This week saw Freddy Mae and Freddy Mac lose half of its market … [Read more...]

Oil prices made their biggest single one day gain ever on Friday to almost $139 a barrel up $11 for the day on top of the $5.50 increase on Thursday. The US government reported the nation's unemployment rate zoomed to 5.5 percent in May, a monthly rise of half a percentage point, the biggest in 22 years. One analyst predicted a barrel of crude will hit $150 by the 4th of July. It was back … [Read more...]