Entries by Toby Tobin

What are the Life Cycle Costs of Impact Fees?

See how Palm Coast’s Impact Fees, totaling $14,747.22, cost a homeowner (and neighbors) $34,247.14 over 30 years by increasing doc stamps, down payment, mtg. payments, real estate taxes, and insurance PALM COAST, FL – August 9, 2017 – Since I wrote “A Hidden Tax on Housing – The Impact of Impact Fees”  ten days ago, several […]

House of the Week: Salt Water Canal Home in Flagler Beach

The median selling price for Flagler Beach homes during the first seven months of 2017 is up 19% from the same period one year ago. Days on market has dropped 58%. PALM COAST, FL – August 4, 2017 – GoToby.com’s Featured House of the Week is a recently renovated salt water canal home in iconic […]

Study: Best U.S. Cities to Flip Homes

More than 126,000 U.S. homes were flipped last year – the highest rate since 2007, according to a study by WalletHub. The average gross profit on a single home flip? Nearly $63,000. NEW YORK – Aug. 2, 2017 – More than 126,000 U.S. homes were flipped last year – the highest rate since 2007, according […]

U.S. Pending Home Sales Recover in June, Grow 1.5 Percent

After declining for three straight months, pending home sales reversed course in June in all major regions, except for the Midwest WASHINGTON — August 1, 2017 — After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the […]

A Hidden Tax on Housing – The Impact of Impact Fees

Impact Fees, Water & Sewer Connection Fees, and other fees add about $20,000 to the cost of every single-family home in Palm Coast, not just new construction. PALM COAST, FL – July 30, 2017 – Today's Daytona Beach News-Journal front-page story and Opinion column about Latitude Margaritaville’s exemption from school impact fees requires clarification and further […]

Study: In Florida, Owning Beats Renting

GoBankingRates study found that the average monthly rent of $1,543 is $167 higher than the cost of an average monthly mortgage of $1,376 LOS ANGELES – July 28, 2017 – Arizona, Nevada and Washington, D.C. are among the 11 states where it's more affordable to rent than it is to buy a home. But owning […]

For Some Homes, Private Flood Ins. May be Good Option

Actuarial experts, disaster modelers, and third-party vendors use new technology to better predict and price flood risk – and Florida’s private insurance market has responded. TALLAHASSEE, Fla. – July 24, 2017 – Actuarial experts, disaster modelers, and third-party vendors use new technology to better predict and price flood risk – and Florida's private insurance market […]

NAR Says It Supports Latest National Flood Insurance Proposal

The National Association of Realtors® (NAR) says that it now endorses the “21st Century Flood Reform Act” (H.R.2874) working its way through Congress. WASHINGTON – July 24, 2017 – The National Association of Realtors® (NAR) says that it now endorses the "21st Century Flood Reform Act" (H.R.2874) working its way through Congress. NAR says that "significant […]