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. […]
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 […]
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 […]
GoToby.com originally reported the payment was due by the end of 2011. Read Mercer Reynolds’ letter to property owners. Palm Coast, FL – February 8, 2011 – On February 3rd, GoToby.com broke the news story that Reynolds Plantation had placed its club assets for sale to satisfy lenders’ demand to pay down a credit line […]
Grand Haven has been wonderful for 11 years, but it was time for us to downsize. We bought a short sale Tidelands condominium. I’ll take you through my decision making process. Palm Coast, FL – January 29, 2011 – January 24, Shirley and I closed on a Tidelands condominium six months after signing a short […]
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 […]
The resorts include Doral, Grand Wailea, LaQuinta, Claremont, and Arizona Biltmore. Palm Coast, FL – February 5, 2011 – Five high-profile golf resorts sought protection from creditors through a Chapter 11 bankruptcy filing on Tuesday. The bankruptcy was initiated by an investor group headed by hedge fund Paulson & Co. The investment group seized the […]
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 – February 4, 2011 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
The report is full of fascinating information, rich detail and fine documentary evidence. The commission should be celebrated for putting more than 1,100 documents online for anyone to search. Palm Coast, FL – February 3, 2011 – The report from the Financial Crisis Inquiry Commission has been assailed as a confusing mishmash — poorly organized, […]
National Quarter-Over-Quarter Home Prices Slide Again (-1.6%), but Experiencing Recent Gains Palm Coast, FL — February 3, 2011 – (Marketwire) – Clear Capital (www.clearcapital.com) released its monthly Home Data Index (HDI) Market Report, and reports a quarter-over-quarter national price change of -1.6 percent. Despite the negative quarterly price change, the national index has demonstrated a […]