GoToby.com predicts a gradual recovery, not a rebound. Palm Coast, FL – October 4, 2009 – The recovery may be on its way, but don’t look for another 2002 to 2006 style boom. Developing patterns show that we may be past the market bottom in the under $200 thousand market and near the bottom in the […]
National Association of Realtors® Pending Home Index rises for the seventh straight month. Palm Coast, FL – October 4, 2009 –Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to a report issued Thursday by the National Association of Realtors®. The Pending […]
Rumor: 300 Villas still owned by Ginn-LA reportedly will be timeshared by Wyndham Resorts. Palm Coast, FL – October 3, 2009 – Three hundred unsold villas in Reunion Resort near Orlando, FL remain in the hands of real estate developer Ginn-LA (Bobby Ginn plus his financial partner Lubert Adler). GoToby hears from a source close […]
The golf industry and the real estate communities which surround them are sharing the pain of the real estate recession. Palm Coast, FL – September 30, 2009 – Although previously thought to be so, the golf industry is not recession proof. Perhaps the change is due to real estate developers’ twenty-year love affair with golf […]
After nearly two years, the logic of a ruling by a Federal Judge in Cleveland baring foreclosure on 14 homes has some legal traction. 60 million mortgages may be affected. Palm Coast, FL – September 29, 2009 – The ability of lenders to foreclose on nearly 60 million mortgages will likely be affected by a […]
Reynolds repositions another community. Lot prices are lower too. Palm Coast, FL – September 26, 2009 – On the heels of a repositioning of Hammock Beach condominium prices, the Reynolds Plantation subsidiary that purchased Ginn’s unfinished Laurelmor community near Blowing Rock, NC announces a name change. The community, which Reynolds acquired as a result of Ginn-LA’s […]
Strategy changes signal projects are being re-tuned to adapt to current market conditions. Palm Coast, FL – September 25, 2009 – Palm Coast and Flagler County on the Northeast coast of Florida once led the country in population growth, attracted by its affordable prices and close proximity to the Atlantic Ocean and Intracoastal Waterway. Ginn-LA (Bobby […]
Naples area developer says it doesn’t have the money to repay members – now wants to change the rules for refunds. Palm Coast, FL – September 24, 2009 – One of Naples, Florida’s leading real estate developers, Bonita Bay Group, built 7 luxury golf communities; luxury homes surrounding signature golf courses. Now the developer faces […]
Staff is in place. Triple-wide clubhouse is scheduled to be installed next week. Palm Coast, FL – September 23, 2009 – The City of Palm Coast’s municipal golf course is becoming a reality. The Palm Harbor Golf Course staff has been hired and the triple-wide clubhouse is scheduled for installation next week. The course opening […]
Dine at participating local restaurants. They will donate a portion of their receipts to support Florida Hospital Flagler’s heart intervention fund raiser. Palm Coast, FL – September 23, 2009 – You can support Florida Hospital Flagler’s fundraising efforts for its planned heart intervention facility and enjoy great dining at the same time. Eat at one […]