Miami – Hotels are starting to get drown in debt, just like the home owners. Hotels have been attracting travelers all year round with their great deals such as credits for in-house spas and restaurants, up to 50 percent off five-star rooms, even free nights.

However, these discounting has not discontinued the occupancy from dropping to an average of 10 percent. What do the hotels get with this? Their loans began falling into delinquency faster than any other form of commercial real estate debt.

According to the data firm Trepp LLC, the increase in delinquencies is quick. Five times more hotel loans are behind their payments this year than last year. In…

Ben Bernanke, Federal Reserve chairman, make public a forecast last week that integrated some significant observations on housing but did not catch the attention it deserves.

Bernanke illustrated some of the well-known problems standing in the way of economic development especially the double digit unemployment and consumer confidence that has been shaky week by week at best.

In his speech he stated that “Housing in the coming year is going to be a relative bright spot - a helpful driver of national economic growth, rather than the wet blanket it’s been for the past couple of years.”

In 2010, as stated by the Fed, home sales and new home production are probable cause…

We’ve been hearing several reports about the end of the government’s popular first-time homebuyer tax credit program this month but instead of doing so, they are actually extending it as President Obama signed a bill that will continue this program for seven more months.

Aside from the $8,000 tax credit for the first-time homebuyers, the government is also giving $6,500 tax credit for the existing homeowners who are also buying new homes and whose primary residence has been sold, owned, or being sold lately. Another part of this bill is the extension of unemployment benefits. These credits will be available for people who earn up to $125,000 and couples earning up…