GoToby believes that the drop in pending sales likely reflects the recent decrease in short sales. Short sale closings tend to drag on for months, artificially swelling the list of pending contracts. WASHINGTON — July 29, 2015 — After five consecutive months of increases, pending home sales slipped in June but remained near May's level, which was […]
The Expectations Index – consumer’s outlook about the economy six months in the future – declined sharply to 79.9 from 92.8 in June. NEW YORK – July 28, 2015 – The Conference Board Consumer Confidence Index improved in June to 99.8 turned the other direction in July, bumping down to 90.9. The Present Situation Index […]
Acquiring and improving commercial real estate requires large amounts of capital, and section 1031 helps real estate businesses grow and expand organically – with less debt. GAINESVILLE, Fla. – July 25, 2015 – The Real Estate Roundtable says a recent economic study about like-kind exchanges (1031 exchanges, or Section 1031 of the U.S. tax code) […]
Ocean and golf course views and 5,212 square feet of living area come with this custom home in the private Oceanside community of Hammock Dunes. PALM COAST, FL – July 24, 2015 – GoToby.com’s featured House of the Week is in the Granada Estates section of Hammock Dunes, Palm Coast’s most exclusive gated residential community. […]
The filming for this episode took place last September. The show walks viewers through the buying process and highlights the surrounding area. PALM COAST, FL – July 23, 2015 – Finally. The Beachfront Bargain Hunt episode that locals have anticipated since HGTV’s filming last September has been put on the cable network’s broadcast schedule. You […]
Beginning Sunday, July 26 motorists and other travelers should expect a lane closure along Palm Coast Parkway between Florida Park Drive to just west of Cypress Point Pkwy. Palm Coast, FL – July 23, 2015 – Beginning Sunday, July 26 motorists and other travelers should expect a lane closure along Palm Coast Parkway between Florida […]
The cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to NAR. Flagler lags the national recovery. PALM COAST — July 22, 2015 — Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply […]
Under SBRS, new private-sector lenders can partner with FHA to provide long-term fixed-rate lending products to multifamily property owners. It applies to mortgages of $3 million, and up to $5 million WASHINGTON – July 21, 2015 – The Federal Housing Administration (FHA) published guidance on its new Small Buildings Risk Sharing (SBRS) Initiative. Under SBRS, […]
Builder confidence in the newly built, single-family home market hit a level of 60 in July – its highest level since November 2005. WASHINGTON – July 20, 2015 – Builder confidence in the newly built, single-family home market hit a level of 60 in July – its highest level since November 2005. According to the […]
More bedrooms, more baths, more air conditioning and it’s a lot more expensive. Check out this infographic. PALM COAST, FL – July 17, 2015 – What has twenty years done to the new home market? Today’s new homes have more bedrooms, more bathrooms, more outdoor features, but fewer fireplaces. And they are a lot more […]