Entries by Toby Tobin

U.S. Existing-Home Sales Surge Back in December

Nationally, existing-home sales snapped back solidly in December as more buyers reached the market before the end of the year. Flagler home sales were down in December but median prices rose. WASHINGTON — January 24 2016 — Existing-home sales snapped back solidly in December as more buyers reached the market before the end of the […]

FIRPTA Withholding Increases to 15 Percent for Foreign Sellers

The new Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) rules increase the withholding tax paid by foreign sellers of certain properties effective Feb. 17, 2016. WASHINGTON – January 19, 2016 – Congress recently made changes to the U.S. Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). While two changes should benefit […]

Florida Legislature Passes Comprehensive Water Bill

Passage of SB 552 provides a strong foundation for a comprehensive statewide policy that addresses key aspects of water management, water quality and water supply. Plus VCARD/FCARD perspective. TALLAHASSEE, Fla. – January 16, 2016 – The Florida House overwhelmingly approved a statewide water-policy bill strongly backed by Florida Realtors heading into the 2016 legislative session. A […]

House of the Week: Another Spectacular Island Estates Home on the ICW

JUST LISTED: This exquisite home, built in 2000, was recently updated with top of the line features and additions. It’s in Island Estates, Hammock Dunes exclusive private Intracoastal Waterway island. PALM COAST, FL – January 15, 2016 – This week’s House of the Week takes us back to Island Estates, Hammock Dune’s exclusive private island. […]

Luxury Buyers will Lose Their Anonymity

A pilot program to uncover the names of luxury real estate buyers in Miami-Dade County and New York City could one day expand nationwide if it proves successful. WASHINGTON – Jan. 14, 2016 – A pilot program to uncover the names of luxury real estate buyers in Miami-Dade County and New York City could one […]

NAR Forecast: Modest Increase in Home Sales Expected in 2016

Following the housing market’s best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace. INCLUDES VIDEO WASHINGTON — January 12, 2016 — Following the housing market's best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer […]

TILA-RESPA Kills Flagler Year End Home Sales Stats

If reported Flagler home closings for Nov. and Dec. had followed the track set by the first ten months, an additional 111 homes would have closed in 2015, representing a 4.6% gap for the year. PALM COAST, FL – January 10, 2016 – The net effect of the TILA-RESPA Integrated Disclosure (TRID) rules on real […]

Sadowski Coalition Advocates Full Housing Funding

The Sadowski Coalition, a statewide coalition that include industry and business groups, advocates for the elderly, veterans, homeless and special needs organizations, and faith-based groups. TALLAHASSEE, Fla. – Jan. 8, 2016 – A coalition of 30 groups that includes Florida Realtors issued a report that shows the economic benefit of Florida housing programs if the […]