Entries by Toby Tobin

U.S. Housing Starts Fall 17 Percent in February

Nationwide housing starts dropped 17 percent to a seasonally adjusted annual rate of 897,000 units in February, according to newly released data from the U.S. Commerce Department. Palm Coast, FL – March 17, 2015 – Nationwide housing starts dropped 17 percent to a seasonally adjusted annual rate of 897,000 units in February, according to newly […]

Freddie: 2015 to Mark Best Year for Home Sales

Expect 2015 to be the best year for home sales and new home construction since 2007 when total home sales were about 5.8 million for the year. Palm Coast, FL – March 13, 2015 – Freddie Mac (OTCQB: FMCC) released Wednesday its U.S. Economic and Housing Market Outlook for March, highlighting some of the positive […]

Florida January Foreclosure Inventory is Down by Nearly Half in One Year

Twenty-four states Show declines of more than 30 percent in year-over-year foreclosure inventory, with Florida (−49.0%) and Maine (−49.5%) experiencing the greatest year-over-year declines Palm Coast, FL – March 12, 2015 – CoreLogic released yesterday its National Foreclosure Report for January. "Approximately 549,000 homes in the United States were in some stage of foreclosure as […]

Florida Eliminates Last Hurricane Assessment

FOIR issued an Order to the Citizens Property Insurance Corporation (Citizens) terminating the 1 percent emergency assessment on premiums paid by generally all property insurance policyholders in FL Palm Coast, FL – March 11, 2015 – It's official: The Florida Office of Insurance Regulation (FOIR) eliminated the last of a series of emergency assessments on […]

30 Percent Think It’s a Great Time to Buy a Home

Home buying confidence has improved over the last year, according to TD Bank’s third annual Mortgage Service Index. Palm Coast, FL – March 11, 2015 – Home buying confidence has improved over the last year, according to TD Bank's third annual Mortgage Service Index. The survey finds that 30 percent of Americans consider now to […]

NAR Generational Survey: Millennials Lead All Buyers, Most Likely to Use Real Estate Agent

Despite the economic and financial challenges young adults have braved since the recession, the millennial generation represented the largest share of recent buyers. Palm Coast, FL – March 11, 2015 – A new survey released today suggests concerns about younger buyers waiting in the wings are overblown. The 2015 National Association of REALTORS® Home Buyer and Seller Generational […]

Palm Coast Commercial Construction Update: 3-10-2015

Publix building permit and 96 condominiums behind Flagler Plaza at SR 100 and Interstate 95. Palm Coast, FL – March 10, 2015 – Palm Coast and Flagler County economies continue to march forward with two commercial construction projects – Publix and Flagler Pointe Condominiums – making progress. A construction permit for a new building for […]