23.8 % of Floridians with a mortgage were seriously underwater, meaning the amount they owe on the mortgage is at least 25 % higher than their home’s current market value. IRVINE, Calif. – April 23, 2015 – RealtyTrac's U.S. Home Equity & Underwater Report for the first quarter of 2015 finds that Florida continues to […]
Short sales no longer a factor. REOs are declining as a percentage of all sales. Cash sales are down slightly. Inventory is down 8.9%. Generally, the market continues to get healthier. Palm Coast, FL – April 21, 2015 – As some parts of the country are talking about a housing market slowdown, the Flagler County […]
In Florida, 26 local housing programs will share $3,791,216. For a complete list of impacted local programs, visit HUD’s website. WASHINGTON – April 21, 2015 – In the ongoing effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) announced nearly $65 million […]
Even if the home’s selling price did not rise over the past year, it went up in value for Europeans thanks to the money exchange rate. ORLANDO, Fla. – April 21, 2015 – The value of the euro has fallen recently in comparison to the U.S. dollar, and that gives some Europeans an ideal opportunity […]
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 […]