Entries by Toby Tobin

Builder Confidence in 55+ Housing Down from Record High

Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of 2018, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Ind WASHINGTON – May 4, 2018 –Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of […]

Nationally, Existing-Home Sales Climb 1.1 Percent in March

Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year-ago levels, according to NAR WASHINGTON — April 23, 2018 — Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year-ago levels, according […]

Has ITT’s Master Plan for Palm Coast Run Its Course?

Palm Coast’s homogeneous housing stock is woefully inadequate. The case for more residential density and housing diversity gains momentum. PALM COAST, FL – April 20, 2018 – ITT’s master plan for Palm Coast has run its course. Population growth, changing demographics, and technology are rendering our growth management template obsolete as Palm Coast and Flagler […]

The U.S. Joins Other Countries With Large Aging Populations

Recent Flagler/Palm Coast Permit Score: Adult Living Facilities 3, Apartments 0, Condos 0. In less than 20 years, older adults are projected to outnumber kids for the first time in U.S. history. PALM COAST, FL — April 10, 2018 — In less than two decades, the graying of America will be inescapable: Older adults are projected to […]

Hotel and Restaurant Plan Approved for SR 100 at I-95.

The Master Subdivision Plan approval allows the applicant to proceed to Preliminary Plat, Final Plat and Technical Site plan review. The plan will preserve several acres of high quality wetland. PALM COAST, FL – April 8, 2018 – The Palm Coast Planning and Land Development Regulations Board (PLDRB) on April 4 approved a Development Order […]

New Business Rent Tax Cut, Budget Victories Become Law

Gov. Scott also recently signed the 2018/2019 state budget which included numerous provisions being advocated for by Realtors. TALLAHASSEE, FL. – April 2, 2018 – It's official, the second cut to the business rent tax in as many years is now law and will take effect Jan. 1, 2019. The cut was included in House […]

Must You Disclose Defects You Only Sorta Know About?

In order to hold a seller liable under Johnson v. Davis, the buyer must prove that the seller actually knew of an undisclosed material defect. PALM COAST, FL – April 2, 2018 – In the 1985 case Johnson v. Davis, the Florida Supreme Court ruled that a home seller who knows of facts that materially affect the property's […]