The final numbers are in for a bad year in residential real estate. Will 2008 show improvement? January 1, 2008 – Palm Coast, FL – GoToby.com closes its first calendar year and the housing market in Palm Coast and Flagler County, as well as nationally, closes its worst year since the 80’s. But the slide […]
Says new methods have led to over-reporting of tropical storm activity. Higher property insurance premiums likely result. January 2, 2008 – Palm Coast, FL – Neil Frank was director of the National Hurricane Center between 1974 and 1987. Frank, currently chief meteorologist for KHOU-TV in Houston, takes issue with the way the center classifies […]
You don’t make money selling real estate. You make money buying it. January 2, 2008 – Palm Coast – Sages have often said that the profit from a sale is made in the beginning, when you buy. Those who buy right make profits. Those that don’t, don’t. This adage seems to be proven again. Masterpiece […]
Not a good year for the local real estate business – top stories summarized. December 29, 2007 – Palm Coast, FL – The biggest story of 2007 was the overall collapse of the local residential real estate market and the economic stagnation brought on by the decline in construction. There was a surge in new […]
City invites SeaGate to mediation conference but remains intransigent in its position. December 28, 2007 – Palm Coast, FL – A City of Palm Coast zoning action seems headed to trial. Back in March of this year, in a story which I followed closely (read related stories), the City of Palm Coast denied local developer, […]
Rumored change in contractor defers scheduled opening. December 27, 2007 – Palm Coast, FL – A rumor that has been circulating for about a week seems to be confirmed in a posting yesterday to local blog site PalmCoast.biz. It includes an email response from Target in response to an inquiry by the poster. It states, […]
Financially troubled WCI is rumored to have sold off its luxury Tuscany Reserve near Naples, FL. December 26, 2007 – Palm Coast, FL – Financially troubled WCI, the builder of Hammock Dunes’ tower condominiums, is rumored to have struck a deal to sell off its showcase Tuscany Reserve community near Naples, FL to another developer for […]
Taking the covers off of the foreclosure process and revealing alternatives for homeowners in trouble. You may get to keep your home. December 26, 2007 – Palm Coast, FL – The news is full of talk about the rash of real estate foreclosures, especially because Florida ranks among the top states in the number of […]
Opportunity didn’t have to knock. The door was wide open. Loose controls and fractured oversight too hard for opportunists to ignore. December 21, 2007 – Palm Coast, FL – When lenders started securitizing mortgage loans and reselling them to investors, the mortgage industry quickly outgrew its ability to watch what was going on. With trillions […]
Amount forgiven in mortgage refinancing, foreclosure or short sale no longer taxable December 21, 2007 – Palm Coast, FL – Thursday, President Bush signed the Mortgage Relief Act, sponsored by U.S. Sen. George Voinovich, R-Ohio. The act, which expires in 2009, changes the way forgiven debt resulting from a mortgage foreclosure or refinancing is treated […]