Three of five Palm Coast/Flagler homes sold for over $500 thousand during May were lender-owned (foreclosed). Palm Coast, Florida – June 5, 2009 – As predicted, foreclosed high-end properties are making their appearance in the local market. Distressed sales (Lender-owned and short sales) are becoming more common among expensive homes and choice building sites in […]
Flagler County suffered damage to infrastructure as a result of the recent deluge of rain which reached 28 inches in some parts of the county. Palm Coast, Florida – June 4, 2009 – Flagler County has received a declaration from the FEMA to be reimbursed for damage to roadways, ditches and bridges for the May […]
Tax credit for new-home buyers and low prices are driving sales. National Association of Realtors®’ pending sales index again on the rise, lead by the Northeast. Palm Coast, Florida – June 3, 2009 – Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time […]
FHA plan will stimulate new home sales and help stabilize housing market Palm Coast, Florida – June 1, 2009 – Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan Friday announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the […]
This video will deflate any confidence you had in the stimulus package. Apparently the watchers are napping on the job. Palm Coast, Florida – June 1, 2009 – Political and societal issues are complex. I refuse to be categorized, but I do admit to having a Libertarian component within me. After watching the following video, […]
Torrential rains flooded homes in Daytona Beach, Holly Hill, and Ormond Beach. Why not in Palm Coast too? Its unique stormwater management system is the reason. Palm Coast, Florida – May 31, 2009 – Recent torrential rains inundated the area for days. Between 16 and 27 inches of rain fell on a concentrated area within […]
One real estate cycle is ending. Another is about to begin. Are we smarter now? Palm Coast, Florida – May 31, 2009 – Real estate markets are cyclical. The most recent downturn was the worst in my lifetime (I’m 65). Unfortunately we can’t do it all over again but if we could, what would we […]
Beach Village shoppers overflowed the plaza parking lot Palm Coast, Florida – May 30, 2009 – The day started early at Publix’s new Beach Village grocery store and pharmacy. Several Flagler Beach officials and representatives from the Chamber of Commerce were there for the 7:45 A.M. ribbon cutting. When the doors opened, I and several […]
National Association of Realtors® report echoes results seen in the Palm Coast and Flagler County real estate market for the past several months. Palm Coast, Florida – May 29, 2009 – Existing-home sales rose in April with strong buyer activity in lower price ranges, according to a report issued Tuesday by the National Association of […]
Includes HUD Certified counselors, credit counselors and attorneys to assist residents. Palm Coast, Florida – May 29, 2009 – A free foreclosure workshop is being put on by Florida Department of Financial Services and Flagler County from 3 to 7 p.m. Wednesday June 3 at the Flagler County Emergency Operations Center 1769 East Moody Blvd. […]