This is about as perfect an example of how American politics works as you’ll ever see. This foreclosure issue is a monstrous story that is somehow escaping national headlines. Palm Coast, FL – April 25, 2011 A hilarious report has come out courtesy of the National Institute of Money in State Politics, showing that Iowa […]
The housing crash seems to have had little impact on consumer confidence, as 81% of adults believe buying a home is the best long-term investment a person can make. Palm Coast, FL – April 23, 2011 The housing crash seems to have had little impact on consumer confidence, as 81% of adults believe buying a […]
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 – April 22, 2011 – Every week the Research staff of the National Association of Realtors® analyzes key data releases and explain what they mean for you and your […]
They don’t make as much as you think. Palm Coast, FL – April 21, 2011 – Realtors® do not earn as much as people think they do. With few exceptions, real estate brokers and sales associates are paid only when a transaction closes. That transaction usually begins with a listing agreement. A sales associate may […]
One convicted executive is not enough Palm Coast, FL – April 21, 2011 – Former Chairman of Taylor, Bean and Whitaker, Lee Farkas, has been found guilty on all fourteen felony counts by a jury in Alexandria VA. Farkas "masterminded one of the largest bank fraud schemes in history, said Assistant Attorney General Lanny Breuer. The nearly […]
Tesoro/Quail West Bankruptcy Trustee should probably have taken a different legal path, going after Credit Suisse rather than Bobby Ginn and Lubert-Adler. Palm Coast, FL – April 20, 2011 – An Order filed Tuesday by Paul G. Hyman, Chief Judge of the U. S. Bankruptcy Court in the Southern District of Florida dismissed Fraudulent Transfer […]
Florida’s existing home and condo sales were up in March as well. Palm Coast, FL – April 20, 2011 – Florida’s existing home and existing condo sales rose in March, according to the latest housing data released by Florida Realtors®. Existing home sales increased 12 percent last month with a total of 18,522 homes sold […]
Elliot Spitzer says a Merrill Lynch lawyer once told him, ”Be careful, we have powerful friends.” Palm Coast, FL – April 19, 2011 – In an Anderson Cooper interview on CNN, Elliot Spitzer says U.S. Attorney General Eric Holder should prosecute Goldman Sachs for its role in the financial meltdown or resign. Spitzer also reveals that […]
A Canadian is said to be looking at the golf courses along with future development rights. The NOPC outcome will likely be a key factor. Palm Coast, FL – April 19, 2011 – [Updated 4/21] I’m told that there’s a potential buyer for the Bobby Ginn-developed Hammock Beach Resort in Palm Coast, FL. The buyer […]
A report released by the U.S. Senate paints a scathing picture of mortgage fraud on Wall Street enabled by the malfeasance and blatant disregard for oversight by Federal agencies that regulated them. Palm Coast, FL – April 18, 2011 A report released by the U.S. Senate paints a scathing picture of mortgage fraud on Wall […]