Financially marginalized owners of luxury, investment, and second home properties are feeling the pain. The result – an increase in the number of distressed high-end properties appearing on the market Palm Coast, FL – July 7, 2009 – Owners of expensive real estate are not immune to financial setbacks. Today, some find themselves financially marginalized […]
Ginn and one of the condo owners associations asked the County for an indefinite extension. If commissioners agree, any scheduled future hearing on the issue will have to be readvertised Palm Coast, FL – July 2, 2009 – A hearing on a proposed Development of Regional Impact (DRI) Notice of Potential Change (NOPC) for Hammock […]
National Association of Realtors® indicator of future home sales (Pending Home Sales Index) continues to show gains nationally. Flagler pending sales also up. Washington – July 01, 2009 – Nationally, pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according […]
One golf community with 150 unsold lots, another nearly built out, both in Arizona face an uncertain future as real estate development company Crescent Resources LLC declares bankruptcy. Palm Coast, FL – July 1, 2009 – According to Crescent Resources contacts, the four Palm Coast, FL golf courses affiliated with Crescent are not part of […]
The Friends of Golf report construction progress at Palm Coast’s municipal golf course. Palm Coast, Florida – June 28, 2009 – The Palm Harbor Golf Course moves closer to its reincarnation as the areas only publicly owned golf course. Once one of the four jewels of the original Palm Coast golf venue, Palm Harbor lost […]
Developers shield their projects, one from the other, by setting up separate legal entities. If one project fails, it does not affect the assets of the others. But are there other reasons? Palm Coast, Florida – June 25, 2009 – The recent Crescent Resources LLC bankruptcy included 120 separate but related legal entities or subsidiaries. […]
What began as a regional trend in areas most severely hit by the housing boom/bust has become a national trend. Washington – June 24, 2009 – Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to a National Association of Realtors® yesterday. May’s […]
Palm Coast’s newest park will be located along the Intracoastal Waterway north of Grand Haven. Construction bids go out within the next few weeks. Completion will be Spring 2010. Palm Coast, Florida – June 23, 2009 – Construction bids will go out within the next few weeks for Palm Coast, Florida’s next park. The Palm […]
Nine Florida counties hit. Two-year investigation culminates in arrests and charges of racketeering and conspiracy. Arrested face up to 60 years in prison if convicted of both counts. Palm Coast, Florida – June 21, 2009 – The Florida Department of Law Enforcement (FDLE) Commissioner Gerald Bailey and Attorney General Bill McCollum’s Office of Statewide Prosecution […]
It was like a high-stakes poker game where everyone at the table was ALL IN and it seemed like everyone was winning. Who was playing? Who’s joining the game now? Palm Coast, Florida – June 20, 2009 – The housing market collapsed, helping to set up the collapse of the financial markets which followed. Many […]