Oil Spill Puts the Chill on Florida Real Estate
BP's out-of-control Deepwater Horizon gusher is beginning to affect real estate transactions in the Gulf Coast, according to the Sarasota Herald Tribune ("Home Closings Mired in Crude," by Tom Bayles). "Coldwell Banker Residential Real Estate says that six of its 22 sales that failed to close in late May and ... more
New Orleans Habitat Faces Chinese Drywall Issue
In the wake of a joint news investigation by reporters for the Sarasota Herald Tribune and the non-profit news organization Pro Publica, officials for Habitat for Humanity in New Orleans have acknowledged that problems with the defective drywall may exist in Habitat projects, and may be more extensive than previously ... more
Flood Insurance Funding Is On Again - Until September
Flooded owners complain of lowball payouts and delays.The embattled National Flood Insurance Program, on hold since May 31 after a temporary funding authorization expired, has been funded for yet another interim period. After failing to fund the program as part of a larger measure that included an emergency unemployment insurance ... more
Congress Moves to Take Back Unspent Katrina Aid
Nearly five years after Hurricane Katrina struck the Gulf Coast and levee failures submerged thousands of New Orleans homes, the U.S. Congress is moving to take back federal aid that remains unspent by the Louisiana government. "An emergency spending bill passed by the House late Thursday [July 1] would rescind ... more
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