Luxury Team of Florida and Front Door Communities rolled out 5 builders with home/lot packages starting in the $300’s with new club membership options and early bird incentives. Palm Coast, FL, – June 25, 2012 – Luxury Team of Florida and Front Door Communities rolled out five builders offering home/lot packages starting in the $300’s, […]
Decreased inventory depressed national home sales. Palm Coast/Flagler inventory is also down, but May sales were up. Palm Coast, FL – June 21, 2012 – The National Association of Realtors® NAR)released their report of May home sales today. As usual, the numbers are somewhat at odds with Palm Coast and Flagler County results. Palm Coast […]
Jim Cullis proposes developing a 300 unit senior care facility including independent living, assisted living, skilled nursing and memory care facilities. Palm Coast, FL – June 19, 2012 – Operating as Grand Haven North LLC, Jim Cullis, who formerly headed Landmar’s local operations and now heads Grand Haven Developers, and Doug Sealy are planning a […]
For the third consecutive month, builders pulled more permits for both single- and multifamily construction in May, according to newly released figures from HUD and the U.S. Census Bureau. Palm Coast, FL – June 19, 2012 – Single-family housing production increased for a third consecutive month and builders pulled more permits for both single- and […]
NAHB’s Multifamily Production Index (MPI), released on June 7, reached its highest reading in more than six years in this year’s first quarter, at 51. Palm Coast, FL – June 16, 2012 – NAHB’s Multifamily Production Index (MPI), released on June 7, reached its highest reading in more than six years in this year’s first quarter, at […]
Decline in Shadow Inventory Parallels Drop in Non-Distressed Inventory: Both Help Prices Palm Coast, FL – June 15, 2012 – CoreLogic reported yesterday that the current residential shadow inventory as of April 2012 fell to 1.5 million units, representing a supply of four months. This was a 14.8 percent drop from April 2011, when shadow […]
Twenty-six percent of Florida buyers are international. In second place California, the percentage is eleven percent. Palm Coast, FL – June 12, 2012 – The National Association of Realtors® released Monday its 2012 Profile of International Home Buying Activity. Florida led all states with 26% of its home purchases by international buyers. California comes in […]
Declining inventory could dampen sales stats through the rest of the year. Palm Coast, FL – June 11, 2012 – There were 208 single-family Flagler County homes sold (closed) through MLS in May. By all measures, it was an outstanding month. The total represented the most homes sold in a single month since November 2005, […]
Fixed mortgage rates reached new record lows for the sixth consecutive week as long-term Treasury bond yields declined further following downwardly revised economic growth and job creation data. Palm Coast, FL – June 8, 2012 – Freddie Mac (OTC: FMCC) yesterday released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling […]
What are we having for chicken tonight? Palm Coast, FL – June 5, 2012 – Zaxby’s , a chicken specialty restaurant chain, has submitted a site plan to the City of Palm Coast. If approved, the new restaurant will be located in Cobblestone Village, home to Belks, Lowes, and Golden Corral. As submitted, Zaxby’s will […]