September 11, 2022 – The world’s economic future is uncertain, perhaps even grim. Forces are at work within our borders and beyond over which neither individuals nor businesses have little control. The world’s geopolitical tectonic plates are shifting as globalism wrestles with nationalism, capitalism with socialism, and believers with secularists. Throw in the Covid pandemic, a disrupted supply chain, and a hot war in eastern Europe, with opioid deaths, open borders, and inflation. Reasoned predictions become best guesses.
**APRIL 1, 2022** – We are a society of hoarders. Our three and four-bedroom homes and two or three-car garages are not big enough to hold possessions that we cannot, or will not, dispose of.
January 29, 2022 – Blue state residents are flocking to red states, and Florida is the prime beneficiary. Great weather has long been a driving force behind retirees’ affinity for Florida.
Lower taxes also have been a magnet, strengthened by the Trump tax revision’s cap on deductions for state income tax and local property tax. But Covid’s confluence with related events has turned the steady migration stream into a river.
December 8, 2021 – Who would have predicted one year ago that the median selling price of an MLS-listed home in Flagler County would increase by 32.2% in the next 12 months, from $260,000 in November 2020 to $343,750 in November 2021? The annual increase in home values exceeds the median county household income by about $25,000.
November 12, 2021 – Paytas Homes, of Port Orange, has been building quality homes in Palm Coast for several years. They have pulled nearly 300 single-family home permits in the city since 2005, mostly in Hidden Lakes and more recently in Marina Del Palma. This weekend, Paytas has officially broken ground on their new community in Palm Coast, The Gables at Town Center.
September 7 – For the 21.5 years I’ve lived in Palm Coast, every successful politician has been elected, in part, on their stance for economic development and job creation. Finally, with MedNex, Jacksonville University, Advent Health’s new hospital, the Flagler Health Plus new medical center and planned new hospital, we have great news on the employment and average wage level fronts.
PALM COAST, FL – July 31, 2021 – Although some questioned the veracity of the story of a new hotel in the heart of Flagler Beach when it was revealed in December, the property sale has closed. The seller was Geraldine Charles LLC, an entity that lists long-term Flagler Beach residents Zoee and William Forehand as Managers. The buyer is Sun Partners LLC of 45 Seton Trail, Ormond Beach. The transaction closed on July 22 for $3,850,000.
July 19, 2021 –It is hard to forget that Flagler County went from being the fastest-growing county in the country to have the highest unemployment rate in the state when the local housing bubble burst in 2005-2006. The median price of Flagler County homes dropped 61%. Like my parents’ generation who lived through the Great Depression, those of us who lived here fifteen years ago (and particularly those who bought here then) are forever scarred by the event.
June 16, 2021 – Flagler County and Palm Coast were the poster children of the housing bubble 15 years ago, so it is easy to look at the area’s recent bullish housing market with a degree of trepidation. What is behind this latest surge? Are we in for another crash? Is this the new normal? It appears we are in a parallel universe where up is down and down is up.
May 5, 2021 – The US Census Bureau yesterday reported its annual census estimate of county populations. The latest estimate for Flagler County is 118,451 residents as of July 1, 2020, a 2.73% increase. Ten months later, the population count has likely risen above 121,000.
April 19, 2021 – The Flagler County/Palm Coast housing market burst out of the mini Covid-19 slump in June when the median selling price of single-family Flagler County homes sold through MLS for the first time broke the high-level mark of $259,950 reached at the peak of the housing bubble 16 years ago. It has remained above that level every month since and continues to climb.
APRIL 1, 2021 – A funeral home’s innovative plans for a facility in Flagler Beach failed to advance beyond the city’s planning board recently. The plans had included a full-service facility, including a mausoleum, on a tranquil setting overlooking the Intracoastal Waterway.
March 3, 2021 – There is no lack of housing market news in Flagler County and Palm Coast. There is, however, an acute lack of homes for sale. Median home selling prices are rising at an unsustainable rate. Are we headed for another bubble?
February 14, 2021 – After a brief early pandemic dip in sales activity during April and May, the Flagler-Palm Coast housing market has been on a tear. There are no signs of a letup.
February 1, 2021 – For many people, a Florida retirement means warm year-round weather and no shoveling snow. But retirement living is a big decision. It’s not paradise if you run out of money. A state with good healthcare might have a high cost of living and high taxes. A state with affordable housing may have limited access to hospitals.