Time marches on but the real estate market remains stuck December 16, 2007 – Palm Coast, FL – If you were looking for any significant changes in the Palm Coast, Flagler County real estate market to surface during November, prepare yourself to be disappointed. But if you’re patient enough to watch paint dry, sit back […]
Program aimed at those most hurt by subprime mortgage market – low and moderate income home buyers. December 15, 2007 – Palm Coast, FL – The Senate yesterday agreed in committee to extend the FHA program that allows government insured, low down payment, low interest loans to minority and moderate-income home buyers. The move could […]
If plans are approved, Ginn will sell the property to a development group headed by Gary Player. December 13, 2007 – Palm Coast, FL – The Ginn Company has submitted plans to the City of Charleston, SC for an upscale development on 975 pristine acres along the Stono River on James Island. The plan calls […]
You can fool some of the people all of the time and that’s enough to pass a bad constitutional amendment. December 11, 2007 – Palm Coast, FL – The Florida Hometown Democracy Amendment is a proposal to take responsibility for planning away from local planners and elected officials and require voters to decide on every comprehensive […]
WCI reports losses and uncertainty of continuing credit facilities December 10, 2007 – Palm Coast, FL – Hammock Dunes condominium developer, WCI Communities, was named America’s Best Builder in 2004 by both the National Association of Home Builders and Builder Magazine. Heavily dependent on the tower condo market, WCI is at a critical juncture. WCI, […]
2008 will be a good year for public golf in Flagler County December 9, 2007 – Palm Coast, FL – A recent email from "Friends of Golf" provides an update on the two future public golf courses in Palm Coast and Flager County, FL. Thanks to Jim Jones and the Friends of Golf. Here is an […]
In the murky world of packaging and reselling mortgage loans, where is the paper trail? December 8, 2007 – Palm Coast, FL – Investors holding mortgage backed securities increasingly face losses due to foreclosures. Now they face a new problem. In November, an Ohio federal judge dismissed 14 foreclosure cases because the mortgage investors were unable […]
Because they can make a lot more money. Here’s how it works. December 7, 2007 – Palm Coast, FL – Leverage your money, a phrase that many have heard but don’t understand. But it’s the key to how some people make (and sometimes lose) a lot of money in real estate. The reason people […]
52 cents per share loss was less than the 79 cents per share expected by analysts. December 7, 2007 – Palm Coast, FL – Yesterday, Toll Brothers, one of the country’s largest builders of upscale homes, announced a loss of $81.8 million for the fourth quarter ended on October 31. This compares with a profit […]
Florida ranks 38th among states in total state and local tax burden but property taxes are too high. December 6, 2007 – Palm Coast, FL – Florida has a reputation for high taxes, but this reputation has not been earned. In fact, Florida ranks 38th in total state and local tax burden by the Tax […]