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South Florida

Small businesses struggling after using home mortgages for capital, home prices likely to drop another 10 to 20 percent … and more

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1. Small businesses struggling after using home mortgages for capital [Sun-Sentinel]
2. Federal Aviation Administration letter approves Sunrise hotel [Sun-Sentinel]
3. Brokers believe new Miami buildings will have takers [Real Estate Florida]
4. Mexican restaurant Chilorio’s now open in Coral Gables [Urban Daddy]
5. Flagler Dog Track Flea Market shut down [Miami Herald]
6. Home prices likely to drop another 10 to 20 percent to below fair value, according to T2 Partners [The Business Insider]
7. RE/MAX International was sole real estate franchise using national TV ads in first three months of this year [Inman]
8. Stocks end mostly higher after bailout repayment announcement [AP via WCBS]
9. Default rate on commercial mortgages may hit 17-year high in fourth quarter [Bloomberg]
10. Commercial loan servicers seek extensions [Reuters]
11. Standard & Poor’s downgrades may split CMBS market [Reuters]
12. National Association of Home Builders reports increased prospective buyer traffic [Realty Times]