Plus predictions for next year. Palm Coast, FL – January 17, 2012 – The year is over. Another has begun. The breadth and depth of the housing market crisis has finally sunk in. 2011 marked the first year during which nobody asked me how soon prices would return to previous highs. But many are still […]
An increase of only 5 percent in the use of domestic homebuilding materials and products would create an estimated 220,000 more U.S. jobs. The first ”all American” home proves it can be done. Palm Coast, FL – January 16, 2012 – Homebuilder Anders Lewendal, of Bozeman Mont., has taken the bull by the horns. Troubled […]
No Fed official recognized the extent of the damage a housing bubble would cause. A year later, the housing market’s collapse helped send the nation into its worst recession since the Great Depression Palm Coast, FL – January 13, 2012 Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing […]
Reporting a ”surge” in foreclosure activity when easily found evidence shows otherwise is simply lazy reporting. Putting the story above the fold on page one is unconscionable. Palm Coast, FL – January 12, 2012 – I’m still steamed over yesterday’s News Journal front page (above the fold) story entitled "Lost homes surge in Flagler," written […]
Early mornings are best to watch rowing shells on the Intracoastal Waterway Palm Coast, FL – January 12, 2012 – Syracuse University mens’ and womens’ crew teams are in Palm Coast this week for winter practice. I’ve seen them mostly in the early morning when the water is calm and motorized boat traffic is at […]
According to economist Sam Schulhofer-Wohl at the Federal Reserve Bank of Minneapolis, underwater homeowners are actually more likely to move. Palm Coast, FL – January 11, 2012 – Prevailing wisdom has it that homeowners who owe more on their mortgages than their houses are worth — known as being "underwater" — are forced to stay […]
New County Intracoastal Waterway Parks, Hammock Dunes DRI, Palm Coast Landing buyer also owns Palm Harbor Plaza Palm Coast, FL – January 11, 2012 – Miscellaneous real estate news tidbits for Palm Coast and Flagler County. Hammock Dunes DRI The City of Palm Coast objected strongly to Flagler County’s decision to end the 28-year old […]
Guilt and morality are one side, and objective financial analysis are on the other side. Palm Coast, FL – January 9, 2012 When David Martin and his wife bought their north Seattle condo five years ago, they figured they had plenty of time to downsize if they needed to before they retired. Now, with the property […]
This marks the fifth consecutive week the 30-year fixed has averaged below 4.00 percent. Palm Coast, FL – January 6, 2012 MCLEAN, Va., Jan. 5, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates starting the year at or near their […]
Consumer confidence among Floridians rose three points to 69 in December, reflecting a cautious optimism in the economy, according to a recent University of Florida survey. Palm Coast, FL – January 3, 2012 – Consumer confidence among Floridians rose three points to 69 in December, reflecting a cautious optimism in the economy, according to a […]