It is less likely the Federal Reserve will move rates up or take other tightening measures this year. That has far reaching implications for U.S. commercial real estate markets. NEW YORK – July 13, 2016 – As the fallout from Brexit continues to stir market volatility, many international investors seek the security and economic stability […]
The median gross income of Florida Realtors was $28,160. Nationally it was $39,200, down from $45,800 year-to-year. Realtors with 16 years or more experience had a median gross income of $69,000. ORLANDO, FL. – July 13, 2016 – Florida Realtors has released its 2016 Member Profile compiled by the National Association of Realtors® (NAR)' research department. […]
Population growth. An impressive amount of new commercial construction is either planned or already underway in Flagler County. PALM COAST, FL – July 10, 2016 – Flagler County’s population growth rate, estimated by the U.S. Census Bureau to have been 2.76% between July 2014 and July 2015, creates a demand for roughly 1,200 additional residential […]
Foreclosure activity has declined, suggesting that homeowners are not only current on their mortgages, but fewer are significantly behind. WASHINGTON – July 8, 2016 – Performance of first-lien mortgages improved during the first quarter of 2016 compared with a year earlier, according to the federal Office of the Comptroller of the Currency's (OCC) quarterly report […]
Yet, the dollar volume of sales from Chinese buyers exceeded the total dollar sales figure of the next top four ranked countries combined. WASHINGTON – July 7, 2016 – Waning economic growth in many countries and higher home prices enhanced by a strengthening U.S. dollar resulted in a slight decline in international sales dollar volume […]
Flood insurance costs continue to put small businesses and homeownership at risk WASHINGTON – July 5, 2016 – Flood insurance costs continue to put small businesses and homeownership at risk, the National Association of Realtors® (NAR) told U.S. Senators last week in testimony before Congress. But NAR also talked about possible solutions for the National Flood […]
Operators of Pine Lakes Golf Course, have backed away from a deal that would have put the Cypress Knolls Golf Course under their ownership and control. PALM COAST, FL – July 2, 2016 – It’s not the British Open, but the winds foretelling the future of the Cypress Knolls Golf Course in Palm Coast are […]
This Tuscany unit is one of only 64 in a luxurious building rich with amenities. Private and gated Hammock Dunes is the Palm Coast area’s most prestigious community. PALM COAST, FL – July 1, 2016 – GoToby.com’s Property of the Week is a luxurious Oceanside condominium in Hammock Dunes, the Palm Coast area’s most prestigious […]
A U.S. Census Bureau infographic shows how 30-year-olds in 2015 differ from those in 1975. The demographic shift is affecting the real estate industry. (I was 32 in 1975) PALM COAST, FL – June 30, 2016 – The U.S. Census Bureau has released an infographic that depicts the demographic shift of the past 40 years. […]
The effective interest rate on all mortgage loans was 3.83 percent in May, down 6 basis points from 3.89 in April. Washington, D.C. – June 29, 2016 – Nationally, interest rates on conventional purchase-money mortgages decreased from April to May, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase […]