Over 100 attended last night’s meeting. They did not like hearing that the proposed $10M building did not require voter approval. Palm Coast, FL – November 5, 2010 – Twice this week, Palm Coast City Manager Jim Landon heard that a new $10 million city hall to be built in Town Center using "existing" funds […]
Payrolls climbed 151,000, exceeding the median estimate of economists surveyed Palm Coast, FL – November 5, 2010 – Nonfarm payroll employment increased by 151,000 in October, and the unemployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Since December 2009, nonfarm payroll employment has risen by 874,000. Full press release
Pending home sales retreated after 2 monthly gains, signaling an uneven recovery entering 2011 with near-term disruptions from the foreclosure moratorium, says the National Association of Realtors®. New Orleans – November 05, 2010 – Pending home sales retreated after two monthly gains, signaling an uneven recovery entering 2011 with some near-term disruptions from the foreclosure […]
The 30-year fixed-rate mortgage rate rose slightly for the third consecutive week. The 15-year fixed-rate mortgage rate eased back down a little while the 5-year and 1-year ARMs set another low. Palm Coast, FL – November 4, 2010 – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which […]
The amendment was soundly defeated in every region and rejected by a majority of voters in both major parties, as well as Independents. Palm Coast, FL – November 3, 2010 – How could anyone be against something called "Hometown Democracy?" Once past the title, voters figured out that Amendment 4 had nothing to do with […]
Toll accused of overstating ability to weather slump. Palm Coast, FL – November 3, 2010 NEW YORK, Nov 2 (Reuters) – Toll Brothers Inc (TOL.N), the largest U.S. luxury home builder, has agreed to a $25 million settlement of an investor lawsuit accusing it of overstating its ability to manage the nation’s housing downturn. Read […]
Company was terminated as a designated foreclosure counsel due to investigation by Florida Attorney General over robo-signers. Palm Coast, FL – November 3, 2010 – Both Fannie Mae and Freddie Mac have dropped Florida foreclosure mill law firm David J Stern PA. Stern handled thousands of foreclosure cases for the two agencies. Recent disclosures of […]
In front of a mixed crowd, Jim Landon dodged several financial questions claiming he just did not know the details. Palm Coast, FL – November 2, 2010 – Last night, Palm Coast City Manager Jim Landon held the first of four scheduled "town hall" meetings to explain his case for a new Palm Coast City […]
Uncertainty persists in Florida’s real estate markets, aggravated by the state’s high jobless rate and fears about today’s election, a new University of Florida survey finds. GAINESVILLE, Fla. – November 2, 2010 – Uncertainty persists in Florida’s real estate markets, aggravated by the state’s high jobless rate and fears about today’s election, a new University […]
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 – November 1, 2010 – The National Association Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how current economic […]