National Association of Realtors releases November home sales stats Palm Coast, FL – December 21, 2011 – Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by […]
Builder Confidence Rises for the Third Consecutive Month Palm Coast, FL – December 20, 2011 – Production of new single-family homes and apartments rose 9.3 percent to a seasonally adjusted annual rate of 685,000 units in November, according to figures released by the U.S. Commerce Department today. This marks the fastest pace of housing starts […]
104 Flagler County properties are scheduled to be sold at foreclosure auction in January. Here is the list. Palm Cost, FL – December 18, 2011 – 104 Flagler County properties are scheduled to be sold at foreclosure auction during January. The foreclosure process takes time. The foreclosure was initiated on one of the properties in […]
Fannie and Freddie agree to help SEC in civil lawsuit against six former executives, but SEC gives the GSEs immunity from prosecution; probably not a decision that taxpayers will look upon with favor. Palm Coast, FL – December 16, 2011 – The Securities and Exchange Commission has charged six former executives of Government Sponsored Entities, […]
Homeowners will share from $800K to $1M. Attorneys will be paid by the defendant. NEW ORLEANS, Dec. 15, 2011 /PRNewswire/ — After 18 months of more than 50 worldwide negotiations in New Orleans, New York, Philadelphia and Miami, as well as Frankfurt, Germany, the Honorable Judge Eldon E. Fallon of the U.S. Eastern District Court, […]
Blaming investors for the housing bubble is like blaming smokers for lung cancer. The Fed should look in the mirror. Palm Coast, FL – December 14, 2011 – A recently released study by the Federal Reserve Bank of New York concludes that investors, using sub-prime mortgages to purchase multiple properties, were largely responsible for the […]
No surprise here. Some properties are listed in more than one MLS. A sale is counted in each one. Palm Coast, FL – December 14, 2011 The National Association of Realtors will restate four years of monthly home-sales data next week while leaving median prices unchanged. NAR is correcting what it called an “updrift” in […]
Florida has held the lead on the index, which tracks such activity as indictments and guilty pleas in criminal and civil cases, since the first quarter of this year. Palm Coast, FL – December 14, 2011 Florida retained its top ranking in the nation for mortgage fraud litigation through September as millions of dollars in […]
Here are some answers to commonly asked questions about the rebenchmarking process plus a video. Palm Coast, FL – December 14, 2011 – The National Association of Realtors® has announced that they will be revising home sales reported going back five years. Data methods used during that period caused home sales to be overstated. NAR […]
One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on their homes are less than the contract sales price. Palm Coast, FL – December 9, 2011 – One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on […]