Growing number of analysts beginning to hint that the country’s housing slump may be over. Optimism is rising on housing market LOS ANGELES – Dec. 4, 2006 – A growing number of analysts are beginning to hint that the country’s housing slump may be over, pointing to a rebound in home builder stocks […]
November 24, 2006 – My October 29 th newsletter examined the proposition that Palm Coast Lots (PCL’s) are a good indicator of the Flagler County real estate market. At that time, lots were showing some minor price erosion. But when a local developer told me the other day that they were buying PCL’s for prices in […]
Florida Real Estate Commission and the FBI are investigating a new kind of real estate fraud. November 21, 2006 – FACT: A broad scale investigation is underway in the Tampa, FL area exposing a practice of sales contracts for purchase at prices well above the advertised selling price. Investigators have found a pattern of inflated appraisals […]
Wal-Mart has a parcel on Old Kings Road under contract for a new Walmart Supercenter November 21, 2006 – Wal-Mart has contracted for a parcel on Old Kings Road just north of SR 100 in Palm Coast, Flagler County, FL. They plan a very large Supercenter for the site. Still in the rumor category is […]
One of Palm Coast’s leading employers is purchased by a Princton, N.J. company November 18, 2006 – Big news for one of Palm Coast and Flagler County’s largest employer. PRINCETON AMREP Corp. (NYSE: AXR) in Princeton has agreed to acquire Palm Coast Data through its Kable Media Services subsidiary for $92 million. AMREP operates in […]
Target Stores is rumored to be coming to the Town Center site on SR 100 just east of Walgreen’s. November 17, 2006 – If you’ve driven along SR 100 west of the High School lately, you will have noticed that the parcel (about 160 acres) just before Belle Terre (behind Walgreen’s) has had a lot of […]
The Publix at the Belle Terre entrance to Town Center plans a Dec. 7th Grand Opening. November 17 – A December 7th opening is planned for a new Publix supermarket located at the primary Town Center entrance at Belle Terre Parkway. Developed by North American Properties, Inc of Cincinnati. It consists of the 80,000 SF Publix […]
National Association of Realtors® Surveys Boomers about retirement and housing plans November 16, 2000 – The roughly 78 million Americans born between 1946 and 1964 were surveyed by Harris Interactive in a study commissioned by the National Association of Realtors®. According to the Associations chief economist, David Lereah, baby boomers "are living longer and are […]
Everyone has noticed how fast the Flagler County real estate market has turned around. What does the market look like now? The inventory of unsold properties has risen sharply in all property categories. The number of potential buyers has shrunk. The number of properties sold is down significantly in all categories. Properties are on the […]
The current downturn in the economy is November 7, 2006 – In a question and answer session at the annual Charles Schwab Impact conference in Washington on November 6th, Alan Greenspan, former Federal Reserve Chairman said "The economy is obviously going through a significant slowing period, which as best I can tell is more than likely […]