Orlando source says the suits (totalling about $45 million) relate to golf course lots in Ginn’s Bella Collina Community on Lake Apopka, near Orlando, FL. May 9, 2008 – Palm Coast, FL – A lawsuit was filed last year in Michigan against the Ginn Company by 99 investors who purchased property in various Ginn developments. […]
Two articles support GoToby.com call of a few months ago. May 8, 2008 – Palm Coast, FL – Concurring with GoToby.com’s analysis, writers of two separate articles in Tuesday’s Wall Street Journal support the belief that the U.S. housing market may have reached bottom. Cyril Moulle-Berteaux, managing partner of Traxis Partners LP, a hedge fund firm […]
For the three months ended March 31, 2008, Hammock Dunes tower condominium developer, WCI reported a net loss of $84.1 million, compared with a net loss of $15.8 million in the first quarter of 2007 May 7, 2008 – Palm Coast, FL – Hammock Dunes tower condominium developer, WCI Communities released first quarter financial results […]
Sale contracts are still on the rise for single-family residential homes while inventory keeps shrinking. How much is due to foreclosures and short sales? May 5, 2008 – Palm Coast, FL – For yet another month, the market for single-family homes in Palm Coast, Flagler County, FL shows some strength. Only in the past three […]
Store will be located at SR100 and Belle Terre May 4, 2008 – Palm Coast, FL – I’ve been told that it is nearly certain that Best Buy will be building a new store on the southeast corner of SR100 and Belle Terre Pkwy, across the street from the new SuperTarget. Developers apparently scrapped earlier […]
End of session report from the Florida Association of Realtors® May 3, 2008 – Palm Coast, FL – The Florida Legislature has finished its current session. Many measures were adopted that affect the real estate industry, the housing market, and Florida property owners. Here is a summary report provided by the Florida Association of Realtors®. […]
Developer’s brochure reveals leasing progress at Town Center Big Box Retail site May 2, 2008 – Palm Coast, FL – Palm Coast Landing at Town Center is the name given to the "big box retailer" location anchored by a new SuperTarget. The center is being developed by Houston, TX based Weingarten Realty Investors. A marketing […]
While the pie seems big, sometimes it ends up in lots of little pieces. May 1, 2008 – Palm Coast, FL – I cannot count the number of times people have remarked to me that they believe that real estate commissions are too high. After all, why should someone pay 6% of the selling price […]
The law is good but Florida needs to beef up its enforcement resources too. April 30, 2008 – Palm Coast, FL – Mortgage fraud could result in up to 15 years in prison if Florida Governor Charlie Crist signs a bill passed by the state Senate on Tuesday. The new measure would raise the penalty for […]
While California and Florida Cities Account for 13 of the top 20 metro areas, Florida’s state rank dropped from third to fourth. IRVINE, Calif. – April 29, 2008 – RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its Q1 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction […]