NAR expects Florida, along with California and Arizona, to see the largest share of return buyers over the next decade WASHINGTON – April 20, 2015 – Formerly distressed homeowners with restored credit are re-entering the housing market. However, damaged credit profiles and lender overlays will greatly restrict the overall share of those eligible to buy, […]
Unnecessary regulatory burdens are preventing qualified, credit-worthy borrowers from obtaining the American Dream of homeownership. WASHINGTON – April 18, 2015 – The U.S. toughened mortgage-lending standards after the housing meltdown as a way to avoid a repeat performance – but have the new standards gone too far in the other direction? According to testimony by […]
This week’s GoToby.com featured property is a 3 BR 2 BA condominium at the amenity-rich Hammock Beach Club and Resort. Palm Coast, FL – April 17, 2015 – This week’s GoToby.com featured property is a 3 BR, 2 BA condominium that comes with a membership to the award winning and amenity-rich Hammock Beach Club and […]
Lighthouse Harbor LLC (Jim Cullis) has closed on the $3.4M purchase of the former Lehigh Cement Plant site at the corner of Roberts Road and Colbert lane. Palm Coast, FL – April 17, 2015 – Lighthouse Harbor LLC has closed on the purchase of the former Lehigh Cement Plant site at the corner of Roberts […]
While $479,394 is earmarked for 30 Florida agencies, it represents only about 1.4 percent of the total amount. WASHINGTON – April 16, 2015 – The U.S. Department of Housing and Urban Development (HUD) awarded more than $36 million in grants to hundreds of national, regional and local organizations to help families and individuals with their […]
General sales and gross receipts taxes drove most of the revenue growth, increasing from $258.9 billion to $271.3 billion, or 4.8 percent. FL gas tax revenues decline. Palm Coast, FL – April 16, 2015 – State government tax revenue increased 2.2 percent, from $847.1 billion in fiscal year 2013 to $865.8 billion in 2014, the […]
Under federal law, water heaters must be more energy efficient starting Thursday, April 16. One major challenge for homeowners, however, is tight spaces. WASHINGTON – April 15, 2015 – Under federal law, water heaters must be more energy efficient starting Thursday, April 16. Financially, the change is good news for homeowners. Energy efficiency on most […]
Fannie Mae announced the HomePath®Ready Buyer™ program, qualifying first-time homebuyers to receive up to 3% of the purchase price in closing cost assistance toward the purchase of a HomePath property Palm Coast, FL – April 15, 2015 – Yesterday, Fannie Mae (FNMA/OTC) announced the HomePath®Ready Buyer™ program, qualifying first-time homebuyers to receive up to three […]
Caught between a rock and a hard place, developer Jim Cullis and Discovery Senior Living will go back to the drawing board to overcome objections raised in a city staff report opposing the project. Palm Coast, FL – April 14, 2015 – What has been billed as a contentious Wednesday hearing before Palm Coast’s Planning […]
Even though a majority of metros have higher appraisals than homeowners’ estimates, the overall average finds owners continue to think their property is worth a bit more than an appraiser’s estimate. DETROIT – April 14, 2015 – Appraiser opinions of values were higher than homeowner estimates in 17 of the 27 metro areas (63 percent) […]