Entries by Toby Tobin

HUD Eases FHA Condo Financing Rules

The change should qualify more condo complexes for FHA loans. Florida buyers, perhaps more than any other state, will benefit from FHA’s new rule. SAN DIEGO – November 13, 2015 – Federal Housing Administration (FHA) Principal Deputy Assistant Secretary Ed Golding announced changes to FHA condominium policies last night at the National Association of Realtors®(NAR) convention […]

The Housing Recovery’s Missing Link

The share of first-time home buyers in the housing market dropped for the third consecutive year, and it remains at its lowest point in nearly three decades. WASHINGTON – November 10, 2015 – The declining number of first-time homebuyers is a major missing piece in the housing recovery, says Lawrence Yun, the chief economist for the […]

Palm Coast One of America’s 50 Best Cities to Live Says Study

Wall St. 24/7 study was based on a range of variables, including crime rates, employment growth, access to restaurants and attractions, educational attainment, and housing affordability. PALM COAST, FL – November 9, 2015 – As reported in the Orlando Business Journal, a 24/7 Wall St. study ranked Palm Coast among the 50 Best Cities to […]

Cost of Constructing a Home

The study is national in scope and highlights the substantial new home land/construction cost advantages Flagler County enjoys. PALM COAST — November 8, 2015 — The following Cost of Constructing a Home report is made available to the public as a courtesy of HousingEconomics.com. The study is national in scope and highlights the substantial new home land/construction […]

Watch Out for Florida’s Homestead Exemption Traps

If you think you understand Florida’s Homestead Exemptions, better double check. Property sales and title changes can trigger unexpected and costly events. PALM COAST, FL – November 6, 2015 – Not understanding Florida’s Homestead Exemption can be costly and confusing. But on a typical Palm Coast home, a Homestead Exemption will reduce the homeowner’s property […]

NAR releases 2015 Profile of Home Buyers and Sellers

The share of first-time buyers declined for the third consecutive year – to its lowest point in nearly three decades WASHINGTON – November 6, 2015 – The share of first-time buyers declined for the third consecutive year – to its lowest point in nearly three decades, according to an annual survey released today by the […]

Florida’s Realtors Predict Price Increases Will Top 5 Percent

Single-family home market will perform better over the next six months than it did a year ago, according to the latest Realtors Confidence Index, WASHINGTON – Nov. 6, 2015 – Most Realtors® remain "strongly" confident that the single-family home market will perform better over the next six months than it did a year ago, according to […]

Palm Coast and Flagler County Real Estate Tidbits: 11-5-2015

Sheriff’s office, Publix, Palm Coast City Hall, Island Walk, Player’s Racquet Club, RaceTrac, Tuscan Gardens senior living. PALM COAST, FL – November 5, 2015 – We have entered the slow season for local real estate sales, but that doesn’t mean things are at a standstill. There is plenty of news. Here are some tidbits: Double […]