Entries by Toby Tobin

Economic Indicators: Weekly Update – May 6

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 – May 6, 2011 – Every week the Research staff analyzes key data releases and explain what they mean for you and your business. In this update, we give […]

BofA, Wells Fargo Mortgage Papers Challenged in North Carolina

Bank of America Corp. and Wells Fargo & Co., lenders already being probed, were accused by a county official in NC of using mortgage documents that were possibly forgeries. Palm Coast, FL – May 5, 2011 Bank of America Corp. and Wells Fargo & Co., lenders already being probed for faulty home foreclosure practices, were […]

Court Appoints Receiver for Linger Longer (Reynolds Plantation)

Andrew Bolnick of Clearwater, Florida, an independent professional Court Receiver will assume management control of Linger Longer Development Company’s assets. Palm Coast, FL – May 5, 2011 – Reynolds Plantation property owners and employees were informed today that yesterday, the Superior Court of Greene County appointed a Receiver to assume management control of Linger Longer […]

Palm Coast Housing Market – Promising Signs

The median price of non-distressed properties is nearly 50% higher than that of distressed properties. And inventory is dropping. Palm Coast, FL – May 4, 2011 – This summer will mark six years since the Palm Coast real estate market began its sudden downward slide when buyers suddenly vanished (June/July 2005). But nobody realized at […]

New Households Form at Fastest Rate Since ’07 in Resurgent U.S.

Between 750,000 and 1 million new households will be created in 2011 Palm Coast, FL – May 4, 2011   Shelby Webb, 22, rented her first apartment three weeks ago in Chattanooga, Tennessee, after landing a job translating ads for a Spanish-language newspaper. Now, she’s paying monthly bills for electricity, cable television and natural gas […]