Entries by Toby Tobin

Larry Ellison acquires Porcupine Creek for $42.9 million

Oracle chief buys California estate once owned by Yellowstone Club founders, Tim and Edra Blixseth. Once listed for $75M, the property has its own 18-hole golf course. Palm Coast, FL – February 10, 2011 Larry Ellison, the sixth-richest man in the world, has bought the 249-acre golf course estate of Edra Blixseth for $42.9 million, […]

FLORIDA: Existing Condo Sales Up in 4Q 2010

Sales of existing condominiums in Florida rose 6 percent in fourth quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. Palm Coast – February 10, 2011 – Sales of existing condominiums in Florida rose 6 percent in fourth quarter 2010 compared to the same period a […]

Bernanke: Lagging Real Estate Drags Down Investments

Despite the nation seeing a robust increase in business investments last year, the real estate sector remains weak with construction lagging and foreclosed homes still littering the market. Palm Coast, FL – February 9, 2011 – Despite the nation seeing a robust increase in business investments last year, the real estate sector remains weak with construction […]

Who was Responsible?

Was it the opportunistic homeowner who inflated his income in order to get a mortgage he couldn’t afford unless housing prices continued to rise? Or was it someone else? Watch this video. Palm Coast, FL – February 9, 2011 – Millions of homeowners are underwater because of the housing bubble and subsequent subprime mortgage meltdown. […]

Homes More Affordable, but Don’t Expect a Rebound

Despite a flurry of positive data on the housing sector, it’s still too early to bank on a comeback. Palm Coast, FL – February 9, 2011 Home affordability has returned to pre-bubble levels, making it perhaps one of the most sensible times in years to buy a home. In 47 of the 74 markets tracked […]

Fastest Growing States: 2000 to 2010

From 2000 to 2010, population in the US grew by 27 million people or 9.7 percent. That’s an increase of just less than 1 percent per year. Palm Coast, FL – February 9, 2011    From 2000 to 2010, population in the US grew by 27 million people or 9.7 percent.  That’s an increase of […]

Lenders Compound Court Errors

Scores of Palm Beach County homes were foreclosed on with faulty paperwork that banks are now trying to sidestep with a legal maneuver experts say doesn’t even exist. Palm Coast, FL – February 6, 2011 Scores of Palm Beach County homes were foreclosed on with faulty paperwork that banks are now trying to sidestep with […]