Laurelmor, Chiumento Law Firm, Friends of A1A, Tidelands Open House, Single-family home building permits Palm Coast, FL – August 29, 2011 – Homebuilders, developers, Realtors®, and others tied to Palm Coast’s real estate market have been active recently. Here are a few making the news: Laurelmor Laurelmor was one of the Ginn communities caught up […]
The market can easily move into a healthy expansion if mortgage underwriting standards return to normalcy. Palm Coast, FL – August 29, 2011 – Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to […]
N.Y. Attorney General Eric Schneiderman remains concerned about any attempt at a global settlement that would shut down ongoing investigations of wrongdoing related to the mortgage crisis. Palm Coast FL – August 29, 2011 New York State Attorney General Eric Schneiderman may go down in history as the most important public official in reforming the […]
Rolling Stones article explains why. This will shock you. Palm Coast, FL – August 28, 2011 – Matt Taibbi reports in Rolling Stone Magazine that the Securities and Exchange Commission has systematically destroyed documents of preliminary investigations, even though the records are supposed to be kept for 25 years. "Many of the destroyed files involved […]
Standard & Poor’s is likely to report a 4.3% decline in June home prices year-over-year and a 1.2% increase from the previous month when it releases its June Case-Shiller Home Price Indices next Tues. Palm Coast, FL – August 27, 2011 Standard & Poor’s is likely to report a 4.3% decline in June home prices […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – August 26, 2011 – Every week the National Association of Realtors® Research staff analyzes key data releases and explain what they mean for you and your business. In […]
Income tax ”benefits” wipe out operating losses and impairment charges. Palm Coast, FL – August 25, 2011 –Toll Brothers, builder of luxury residential communities, released FY 2011 third quarter and nine-month earnings yesterday. The release has much to say about industry trends and the company’s progress. There is some good news, but nothing is said about […]
Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase. Palm Coast, FL – August 24, 2011 Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. […]
The change in market participation by first-time buyers seems to be reflective of the current unrealistic level of credit requirements by lending institutions. Palm Coast, FL – August 24, 2011 – According to the latest REALTORS® Confidence Index survey, first-time buyers have declined in terms of numbers and percentages in recent months. Normally, first-time buyers […]
Alleged ”Mass Joinder” ring leader reportedly had a Florida connection. Palm Coast, FL – August 23, 2011 – California Attorney General, Kamala Harris, has busted an extensive mortgage fraud ring. Harris filed a suit against Philip Kramer, the Law Offices of Kramer & Kaslow, two other law firms, three other lawyers, and 14 other defendants […]