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 […]
Lenders and landlords suffer from undue delays in service of legal notices. Extended time to evict or foreclose means lost revenue, increased exposure to property deterioration and more. Palm Coast, Florida – November 22, 2008 – I’ve been told that the Flagler County Sheriff’s Dept. is months behind in serving civil notices. The delay affects […]
Bed tax receipts are up 4.18% YTD over last year. Meanwhile, neighboring counties’ receipts are down. Palm Coast, Florida – November 20, 2008 – There’s more positive news for Flagler County. Flagler County Chamber of Commerce V.P. of Tourism Development, Peggy Heiser reports YTD Bed Tax receipts for the county are up 4.18% over last […]
Stalled on most fronts by a stagnant luxury real estate market, credit woes, and lawsuits, Bobby Ginn is still moving forward at Ginn sur Mer Palm Coast, Florida – November 19, 2008 – Sales offices are shut down at four of Bobby Ginn’s projects, as these properties are tied up by liens under a defaulted […]
The proposed 10% tax on commercial and solid waste haulers will raise costs for local business just when they most need a break. Palm Coast, Florida – November 18, 2008 – The Palm Coast City Council voted today to charge a 10% franchise fee (TAX) on commercial solid waste haulers. including C & D recyclers. […]
Foreclosures move into the luxury market, reduced prices will follow as lender-owned properties come onto the market. Palm Coast, Florida – November 17, 2008 – As reported in a recent Businessweek article and as predicted by GoToby.com, foreclosure activity is increasing at the high end of the local real estate market. Within the past month, […]
The Tesoro Club Advisory Council updates members. The communication addresses several issues affecting club members and property owners. Palm Coast, Florida – November 13, 2008 – Tesoro, a gated golfing community in Port St. Lucie, Florida is one of four Bobby Ginn properties encumbered by a $675 million mortgage with Credit Suisse. The debt has […]