Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®. Palm Coast, FL – December 29, 2011 – Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®. The […]
Year-end wrap up and prognostications right after the 9 o’clock news. Palm Coast, FL – December 29, 2011 – GoToby.com publisher and Palm Coast Observer contributing writer Toby Tobin will be a quest on WNZF News Radio Friday, December 30 on Dave Ayers’ show following the 9 o’clock news. The show will feature a review […]
Data through October 2011 showed decreases of 1.1% and 1.2% for the 10- and 20-City Composites in October vs. September. Palm Coast, FL – December 27, 2011 – Data through October 2011, released today by S&P Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed decreases of 1.1% and […]
Property sold in 2005 for over $50M Palm Coast, FL – December 22, 2011 – According to public records, an 8,425-acre tract bordering Crescent Lake in Western Flagler County has been sold for $14,637,000. Crescent Timber LLC bought the property from Treesource LLLP in 2005 for $54,405,000. A mortgage for $36,000,000 was recorded at the […]
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 […]