Florida’s housing market is far from recovery with both the foreclosure and delinquency rates in Central Florida increasing.
Foreclosure rates among outstanding mortgage loans were 5.5 percent in August, nearly three-fold compared to the 1.5 percent rate in August 2007, according to First American CoreLogic Inc.
The company based foreclosure rates on total outstanding mortgages instead of [...]

Washington will give funds to states and cities to rehab houses. Proponents say it will help stabilize neighborhoods, but others say it’s too little to do much good.
NEW YORK - City officials and community activists can’t wait to get their hands on nearly $4 billion the federal government is about to inject into blighted neighborhoods [...]