This year’s drop follows a 26.35% drop last year, an indication that the number of property owners under financial stress is lessening. Palm Coast, FL – May 13, 2011 – It’s that time of year, when the newspaper doubles in size, bloated by the legal requirement to advertise property tax delinquencies. You may have noticed […]
Expect 5.3 million existing-home sales this year, up from 4.9 million in 2010, with additional gains in 2012 to about 5.6 million – that’s a sustainable level given the size of our population. Palm Coast, FL – May 13, 2011 – Home sales are expected to stay on an uptrend through 2012, although the performance […]
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 13, 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 […]
The average foreclosure timeline in Florida was 679 days for first-quarter foreclosures, which was still four times the 169-day average one year ago. Palm Coast, FL – May 12, 2011 More than 219,200 properties received a foreclosure filing in April, a 9% drop from March and the lowest level seen in 40 months, according to […]
Second mortgages can be declared unsecured debt if there is no equity to cover them. Palm Coast, FL – May 12, 2011 Stung by the crash of the housing market, some struggling homeowners are using a little known but increasingly popular provision of the bankruptcy code to eliminate second mortgages and avoid foreclosure. Statistics are […]
Assessed values of Palm Coast’s ten golf courses are down again this year, but there is good news; unlike two previous years, property taxes on all courses have been paid. Palm Coast, FL – May 12, 2011 – Palm Coast, Flagler County preliminary assessed real property values are posted. The housing market isn’t the only […]
The numbers are not final, but seeing what your property’s assessed value is likely to be gives you more time to contact the Property Appraiser’s office if you think yours is wrong. Palm Coast, FL – May 11, 2011 – Flagler County Property Appraiser Jay Gardner has posted the preliminary "working" 2011 assessed values on […]
A loan from members provided needed money but construction progress is tied to real estate sales. Only 3% of Cliffs at High Carolina lots have been sold and only one home completed. Palm Coast, FL – May 10, 2011 – Tigers first and only golf Tiger Woods course design project in the United States is […]
Foreclosure moratorium and Florida’s overburdened court system have slowed the process of handling foreclosures. Until these properties can move through this process, complete recovery will be slowed. Palm Coast, FL – May 10, 2011 – Looking at Florida’s housing sector in the first quarter of 2011, Dr. Sean Snaith, director of the University of Central […]
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 […]