Entries by Toby Tobin

U.S. Pending Home Sales Inch Forward in July

Pending home sales were mostly unchanged in July, rising slightly in the South, but rose modestly for the sixth time in seven months, according to the National Association of Realtors®. WASHINGTON — August 27, 2015 — Pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months, according to the National […]

Economic Slowdown in China Could Impact Florida Market

China’s recent economic woes could be good news or bad news for Florida real estate. It could slow international sales – or it could make U.S. property more appealing. MIAMI – August 26, 2015 – Depending on whom you talk to, China's recent economic problems could spell good news or bad news for Florida's Realtors. China […]

Flagler Beach to Consider Partial Change to Floodplain Management Ordinance. Builders Urge Full Repeal

Tomorrow, Flagler Beach will consider a repeal of portions of Ordinance 2015-03 which increased the minimum floor elevation. They should repeal the whole ordinance. Read why. PALM COAST, FL – August 26, 2015 – Tomorrow, the Flagler Beach Commission, will consider a repeal of portions of Ordinance 2015-03 which increased the minimum floor elevation by […]

U.S. New Home Sales Up 5.4 Percent in July

The inventory of new homes for sale was 218,000 units in July. This is a 5.2-month supply at the current sales pace. PALM COAST, Fla. —  August 25, 2015 — Sales of newly built, single-family homes rose 5.4 percent to a seasonally adjusted annual rate of 507,000 units in July, according to newly released data from HUD […]

Flagler County Rules Out Princess Place for Spartan Race

Public backlash prompts rare Sunday press release. Flagler County has decided against allowing a proposal to move forward that could have allowed an endurance-obstacle race at Princess Place Preserve. PALM COAST, Fla. – August 23, 2015 – Flagler County has decided against allowing a proposal to move forward that could have allowed an endurance-obstacle race at […]

NAR: Total Existing Home Sales Up 2 Percent Despite Stubbornly Low Inventory

July’s existing-home sales steadily increased for the third consecutive month, even with stubbornly low inventory levels and rising prices. WASHINGTON – Aug. 22, 2015 – July's existing-home sales steadily increased for the third consecutive month, even with stubbornly low inventory levels and rising prices. However, the market challenges likely led to a drop in first-time […]

Flagler Beach Appeals Sea Ray Decision, Gets Hit With FOIA Broadside

As expected, Flagler Beach’s attorney appealed the Flagler BOCC’s decision allowing Sea Ray to build an employee parking lot. What Flagler Beach got in return was, to say the least, unexpected. PALM COAST, FL – August 19, 2015 – Flagler Beach beat today’s deadline, filing an appeal yesterday of the Flagler Board of County Commissioners’ […]

July Best Month for Flagler County Home Sales in 9 Years

The total value of single-family Flagler MLS home sales exceeded $50M, the highest level since June 2006 and 502% above the January 2009 low. PALM COAST, FL – August 18, 2015 – The total value of single-family Flagler MLS home sales in July exceeded $50M, the highest level since June 2006 and 502% above the […]