Hovnanian exiting Lee County, home ownership may not be good for kids … and more

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1. Hovnanaian sells last 1,409 lots in Lee County [News-Press]
2. First United looks to sell $57.5 million in stock [Miami Herald]
3. New Miami real estate company bought 90 units in bulk deal [Condo Vultures]
4. Price cuts make US property appealing to foreigners [TheStreet.com]
5. Mortgage service troubles head to courts [The Real Estate Bloggers]
6. Home ownership may not be good for kids [Time]
7. 30-year fixed-rate mortgage average drops to 5.08 percent this week [Inman]