Meanwhile, Ginn’s credit issues affecting Tesoro, Quail West, Laurelmor, and Ginn sur Mer remain unresolved. Palm Coast, Florida – August 18, 2008 – Luxury properties are not immune from the real estate market’s decline. Owners of a lot in Tesoro Preserve, a Ginn Company development in Port St. Lucie, Florida have decided to get out […]
Contrasting November ’06 comments on the housing market with those reported yesterday – hear from both sides of his mouth. Palm Coast, Florida – August 14, 2008 – No Chairman of the Federal Reserve, past or present, can match Alan Greenspan’s ability to mesmerize the public, the press, and Wall Street with every utterance. Each […]
Let’s take a look at some of the opportunities and positive indicators for the future of Florida’s real estate market. The upside of Florida real estate: 20 market positives Let’s take a look at some of the opportunities and positive indicators for the future of Florida’s real estate market. Long-term economic and demographic trends continue […]
Palm Coast Resort, Central Avenue Townhomes Earn Early Returns Palm Coast, Florida – August 13, 2008 – The company that purchased the remaining completed condominiums in the Palm Coast Resort project from Centex announced some good news in a press release issued from their Sanford-based headquarters. Portions of the release of particular interest to Palm Coast […]
Home building revenues, backlog, and net signed contracts all down Source: Toll Brothers, Inc. HORSHAM, Pa., Aug. 13, 2008 (PRIME NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today reported that, for the third quarter ended July 31, 2008, home building revenues were approximately $796.5 million, backlog was approximately […]
Don Saxon, scheduled to meet with Gov. Charlie Crist and Cabinet to propose new regulations emerges instead with a retirement announcement. Palm Coast, Florida – August 12, 2008 – Three weeks ago, a Miami Herald series exposed a gross lapse in oversight by the Office of Financial Regulation, which oversees the state mortgage industry. (related […]
Credit woes of large developers Ginn and WCI Communities overshadowed any slight shifts in the local real estate market. Palm Coast, Florida – August 11, 2008 – The Palm Coast, Florida real estate market was fairly quiet in July with no dramatic shifts in any of the three markets I watch most closely; single-family residential, […]
Newspaper that decries the secrecy of Palm Coast economic development talks failed to tell its own partner of an ego-driven $13 million payment for naming rights to Daytona’s performg arts center. Palm Coast, Florida – August 11, 2008 – Several Palm Coast residents with whom I speak have expressed two recurring themes. First, they share […]
Probable first play will be in September 2009 Palm Coast, Florida – August 10, 2008 – Real estate developer Centex Destination Properties closed the Palm Harbor Golf Course and tore down the clubhouse as part of a larger project to develop a new resort in Palm Coast, Florida. Centex planned a Jack Nicklaus redesign of the […]
The real estate news website now averages over 1,400 visits per day. Palm Coast, Florida – August 8, 2008 – In the past few months, GoToby.com seems to have reached critical mass. I know that many of you visit on a regular basis (Thank You) but perhaps don’t know about the rest of the website’s readership. […]