Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®. Palm Coast, FL – December 30, 2010 – Pending home sales rose again in November, with the broad trend over the past five months indicating a […]
Moody’s Investors Service downgraded another $6 billion of adjustable-rate mortgage residential mortgage-backed securities issued by Wachovia. Palm Coast, FL – December 30, 2010 Moody’s Investors Service downgraded another $6 billion of adjustable-rate mortgage residential mortgage-backed securities issued by Wachovia. The four tranches of securities are backed by option-ARM loans. Wells Fargo Bank is the master […]
Seven Crescent-owned golf courses in Georgia and Florida tagged as ”Under Contract” yesterday. Included are the golf courses only – Excluded are building lots and developable land. Palm Coast, FL – December 29, 2010 – Here we go again. Once more, several Georgia and Florida golf courses owned by Crescent Resources are identified as "Under […]
Several high-end properties are among Palm Coast, Flagler’s scheduled foreclosure sales. Palm Coast, FL – December 29, 2010 – High-end condominiums and building lots in gated communities are often purchased with discretionary funds. The prolonged real estate slump and problems in the financial markets have drained some buyers’ financial reserves. Unable or unwilling to continue […]
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 – December 29, 2010 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
Both Ally and Fannie Mae are majority-owned by U.S. taxpayers Palm Coast, FL – December 28, 2010 Ally Financial Inc, the lender formerly known as GMAC, on Monday said it agreed to pay $462 million to Fannie Mae to avoid having to repurchase poorly underwritten mortgages sold to the housing finance giant. Ally, which is […]
Housing markets have taken a turn for the worse, with the widely followed S&P/Case-Shiller index declining more than analysts had forecast in October. Palm Coast, FL – December 28, 2010 – Housing markets have taken a turn for the worse, with the widely followed S&P/Case-Shiller index declining more than analysts had forecast in October, lending […]
Only Bunnell has done so in Flagler County Palm Coast, FL – December 27, 2010 – According to an article by Jay Brady in the Gulf Coast Business Review, 19 Florida counties have either lowered or suspended impact fees. The data was compiled by Duncan Associates and is available at www.impactfees.com. Impact fees reduced or […]
Several related lawsuits linked to Bobby Ginn’s Bahamas project have been aggregated under Judge Timothy Corrigan. Corrigan is also hearing the class action lawsuit, Lawrie v. Ginn. Palm Coast, FL – December 27, 2010 – Timothy Corrigan, District Judge for U.S. District Court, Middle District of Florida, Jacksonville Division has ordered the aggregation of several […]
Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of Realtors®. Palm Coast, FL – December 23, 2010 – Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National […]