Lots of rumors and lots of chatter (noise) but what are the real possibilities? Palm Coast, Florida – December 10, 2008 – Bobby Ginn faces problems on multiple fronts. Once again, if Ginn rumors has calories, I’d be 200 pounds heavier. There are facts too, but these are greatly outnumbered by the rumors. If you […]
Leading builder of luxury homes announces $78.8 million loss for fourth quarter and $297.l8 million for the year. HORSHAM, Pa., Dec. 4, 2008 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today reported a FY 2008 fourth quarter net loss of $78.8 million, or $0.49 per share diluted, […]
All the forms, all the agencies, all the license requirements, lull us into a sense that someone is really watching out for us when we buy or sell real estate. But is anyone really watching out for us Palm Coast, Florida – December 4, 2008 – Buying a home is probably the biggest single purchase […]
At Governor Crist’s urging, lenders have voluntarily suspended Florida foreclosures for homesteaded properties for 45 days. Palm Coast, Florida – December 4, 2008 – With encouragement from Florida Governor Charlie Crist, the banking and lending industry has announced a 45-day voluntary suspension of mortgage foreclosures for homesteaded properties. The measure does not affect businesses or […]
Port St. Lucie club developed by Bobby Ginn succumbs to member pressure. Palm Coast, Florida – December 3, 2008 – Members of the Tesoro Club, a Ginn developed amenity rich golfing community in Port St. Lucie, FL, recently received a notice that club dues had been reduced "to help ease the economic crunch that many […]
Citizen comments at last night’s council meeting caused council members to reconsider a franchise fee (tax) over the city manager’s objections. Palm Coast, Florida – December 3, 2008 – Citizens turned out last night to object to a proposed 10% franchise fee that is about to be applied to commercial refuse haulers. What the council […]
Financial market crisis begins to affect housing sales. Palm Coast, Florida – December 2, 2008 – I received an email recently from a friend caught in the backwash of the latest financial meltdown. The friend told me that the current crisis was worse than a divorce – half their net worth gone and they still […]
Howell Homes, Inc. will become part of Charles Rinek Construction. Palm Coast, Florida – December 1, 2008 – Marv Howell, one of Flagler County’s most respected builders has retired. Howell Homes, Inc. has been assumed by Charles Rinek Construction. Rinek has taken over Howell’s model in Grand Landings. Rinek is now represented as a feature […]
Wal-Mart, Epic Theater, and others are delaying commencement of construction because of the uncertain economy. Palm Coast, Florida – November 25, 2008 – Turmoil in the financial markets is having an effect on commercial real estate development in Palm Coast, Florida. Epic Theater and Wal-Mart have both given notification that their planned construction schedules have […]
National Association of Realtors supports Fed move to buy mortgage-backed securities from Freddie Mac and Fannie Mae. WASHINGTON, Nov 25, 2008 – PRNewswire – USNewswire via COMTEX – Great news for home buyers, home sellers and the U.S. economy is how the National Association of Realtors(R) greeted this morning’s announcement by the Federal Reserve that […]