September 24, 2018 -- One car-garages will continue to be banned on ITT lots in Palm Coast, even though 38% of the original plats remain undeveloped after more than 40 years. The current standard requiring at least 1,200 SF of air-conditioned living area and a two-car garage is likely to be continued.
Sept. 5, 2018 – Consumer sentiment fell 2.3 points in August to 98.3 but with a revised figure of 100.6 in July, the Florida consumer sentiment index topped 100 points for the third time this year – an event not seen since 2000.
Aug. 31, 2018 – U.S. housing markets, when viewed as a whole, are now in rent territory, according to the latest national index produced by Florida Atlantic University and Florida International University faculty. That means renting and reinvesting additional money that would have been spent on homeownership will, on average, financially outperform owning and building equity.
Aug. 21, 2018 – ATTOM Data Solutions' Q2 2018 Pre-Mover Housing Index finds that Chicago, Washington, D.C., Orlando, Tampa-St. Petersburg and Atlanta posted the highest pre-mover index in the second quarter of 2018 in the larger-metro category. ATTOM says a high score is "predictive of a high percentage of homeowners moving in the third quarter."
August 16, 2018 – Builder confidence in the market for newly built single-family homes edged down one point to 67 reading in August on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), though any number above 50 means that attitudes are in positive territory.
August 9, 2018 — Amidst staggeringly low inventory levels in much of the country during the second quarter, existing-homes sales cooled and home prices maintained their robust level of appreciation, according to the latest quarterly report by the National Association of Realtors®. Last quarter, the San Francisco metro area joined the San Jose metro area for having a median sales price above $1 million.
August 8, 2018 – In a recent article published in the Insurance Journal, Lisa Miller, a Tallahassee-based former Florida Deputy Insurance Commissioner who served as an advisor on passage of Florida laws to encourage a vibrant private flood insurance market, makes a case for including a private flood insurance element in any updates to the National Flood Insurance Program (NFIP).
August 1, 2018 – The National Flood Insurance Program (NFIP) won't expire on July 31, 2018, as feared. NFIP will continue renewing or issuing new flood insurance policies for four more months under legislation overwhelmingly passed by the U.S. Senate on Tuesday.
July 6, 2018 – Bellagio Custom Homes recently open their new model home at 8 Ocean Oaks Lane in the gated and private community of Hammock Beach. This stunning Venice model boasts over 3,000 square feet of living space encompassing a large great room and open kitchen, separate dining area, a luxurious owner’s suite plus two additional bedrooms and baths and a large study overlooking the pool area.
June 25, 2018 – Parent company Brunswick Corporation has announced a restructuring of Sea Ray that will not include the Flagler plant or its roughly 400 employees.
June 19, 2018 – Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). NAHB says the decline was due in large part to sharply elevated lumber prices, but overall sentiment remains on solid footing.
June 8, 2018 – Based in Charlotte, N.C., SunBelt Land Management, is betting big that Flagler County’s future is bright. The company recently closed on the purchase of acreage on either side of John Anderson Highway once marketed by the Bobby Ginn/Lubert-Adler organization (Ginn-LA) as The Gardens at Hammock Beach.
June 7, 2018 — ATTOM Data Solutions' Q1 2018 U.S. Home Flipping Report finds that 48,457 U.S. single-family homes and condos were flipped in the first quarter of 2018 – a 4 percent drop quarter-to-quarter and 3 percent drop year-to-year.
June 8, 2018 – While the Flagler School District’s bus replacement program remains behind schedule for lack of funds, the District sits on valuable real estate, hoping that its value will rise.