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Posts tagged as: real estate

Getting Over Resistance Against Apartments in Palm Coast: Less Prejudice, A Bit More Height

| November 30, 2017

Housing, real estate and local government officials this morning diagnosed the sources of Flagler-Palm Coast’s affordable housing crisis and proposed a few solutions in a unique discussion at the Hilton Garden Inn.

Trump Wins Again in Florida as Court Votes For Him in Beachfront Hotel Dispute

| April 27, 2016

The failed Trump International Hotel & Tower Fort Lauderdale is among other Trump-branded projects that tanked and prompted lawsuits from disgruntled investors who lost millions of dollars in deposits.

Median Price of Homes in Flagler Cross Back Over $200,000 For 1st Time Since Housing Boom

| April 20, 2016

The average number of home sales in the past seven months is still slower than the previous six months, but inventory is diminishing and prices continue to rise, once again raising questions of affordability.

Failed Condo Project in Ft. Lauderdale Lands Donald Trump in Florida Appeals Court

| January 25, 2016

Investors have battled in court for years to get back hundreds of thousands of dollars in deposits from Donald Trump and associates. The 4th District Court of Appeal will hear arguments Tuesday in two lawsuits related to what was pitched as a swanky, Trump-branded hotel/condominium.

Gail Downs, 2015 Realtor of the Year, Joins Parkside Realty Group

| January 19, 2016

Parkside Realty Group Broker and Owner Sam Perkovich announced last week that Gail Downs, the 2015 Flagler County Realtor of the Year, has joined Parkside Realty.

County’s Generosity To Bunnell Runs Out as Commission Imposes Rent and Exit Deadline

| May 19, 2014

Bunnell city government has been occupying county office spaces for almost five years. On Monday. the county agreed to slap on $2,400-a-month rent and $100-per-meeting fees on the city, starting Aug. 1, and it will expect Bunnell to vacate the GSB by Dec. 1 regardless.

Sen. Dorothy Hukill Proposes Cutting Sales Tax on Commercial Rental Property to 5%

| September 19, 2013

Senate Finance and Tax Chairwoman Dorothy Hukill of Port Orange’s proposal could cut $250 million a year from state revenue. Business leaders want the tax, currently at 6%, eliminated altogether as Gov. Rick Scott travels the state on a tax-cutting tour.

Homes Sales and Inventory Decline a Bit in Flagler as Interest Rates Continue to Rise

| September 19, 2013

After July’s buoyant home-sale figures in Flagler County, which hit a post-recession high of 243 closed sales for the month, August’s numbers are somewhat less bubbly, but the trend remains solidly positive even as interest rates creep up.

Home Sales in Flagler Hit Post-Recession High as Time On Market Declines and Prices Rise

| August 21, 2013

Homes for sale in Flagler County have spent on average just 55 days on the market, also a post-recession low, while the median sale price of $155,000 in July in Flagler improved an impressive 7 percent on June’s median of $144,500, and 19.7 percent on the median price a year ago,

Flagler Homes’ Median Sale Price Up 28% Over Last Year as Investors Keep Buying

| July 22, 2013

Sales closed on 200 single-family homes in June in Palm Coast and Flagler County, half those for cash as investors continue to buy homes. The median price of $144,500 is the best showing since February 2009. The median number of days those homes spent on the market was 71, an increase of eight days from last year.

How Bank of America Regularly Lied to Homeowners and Rewarded Foreclosures

| June 16, 2013

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.

Citing “Mismanagement and Inaction,” Nelson Blames Scott for Ongoing Mortgage Mess

| March 27, 2013

Nelson said during a stop in Tallahassee that he has written the inspector general of the federal Troubled Assets Relief Fund, or TARP, to look into what he called “mismanagement and inaction by Florida officials” in administering a program called “Hardest Hit,” which was supposed to take federal money and help struggling homeowners.

Bullish on 2013: Palm Coast and Flagler Housing Markets in Full Recovery

| December 7, 2012

Have we returned to a normal market? No yet, writes Toby Tobin, but in a bullish analysis of Palm Coast’s and Flagler County’s current housing markets, he expects momentum to build into 2013, with all segments of the market are rising.

In Startling Confrontations, DeLorenzo Takes On Palm Coast’s Jim Landon–and Impact Fees

| October 30, 2012

Palm Coast City Council member Jason DeLorenzo on Tuesday questioned the veracity of City Manager Jim Landon’s numbers and his “backroom” style while making the case for a two-year moratorium for impact fees on new construction in the city in a rare, direct and sustained public challenge to the assuming city manager.

Impact Fees: What They Are, Who Pays Them, How Much They Pay

| September 30, 2012

Whether you call them impact fees, taxes or hidden taxes, they’re a Florida and Flagler County reality. An explanation and definition of impact fees with a local rate schedule by city and county.

In Flagler and Across Florida, More Perky Housing Sales Point to Encouraging Trends

| September 19, 2012

Sales of single family homes in Flagler were up 9.5 percent in August over a year ago, 10.8 percent across Florida, while pending sales have skyrocketed in further signs of health for the battered housing sector, even as prices still stagnate.

When Bankruptcy and a Second Mortgage Combine Into an Opportunity for Florida Homeowners

| July 26, 2012

“Bankruptcy” and “exciting news” don’t usually go together well in the same conversation. But a recent ruling by a federal court is giving Florida homeowners a window of opportunity to strip off a second mortgage, argues consumer attorney Lewis Roberts.

GoToby’s Don Tobin Joins 8 Others Vying to Replace Frank Meeker on Palm Coast Council

| July 18, 2012

Don Tobin, better known as Toby, is the most recognizable name among those declaring interest in a position four Palm Coast City Council members will fill by their appointment come November. Tobin’s focus is real estate, economic development and city-county relations.

Existing and New Home Sales Up Nationally; Florida Looks to Other Improving Indicators

| May 23, 2012

Home sales have yet to kick up in Florida, where sales fell slightly in April, but Realtors are quick to say that median price and pending sales rose dramatically as the inventory of homes available for sale keeps shrinking.

Florida’s Metro Areas Still Lead the Nation in Foreclosures and Delinquencies

| May 9, 2012

Prompted by tumbling property values and a large number of sub-prime loans, Florida has also been slow to get back on its feet because of a foreclosure process that on average takes more than two years to complete, according to report by a Washington -based coalition that is tracking the nation’s housing recovery.

Foreclosure Fast-Tracking Bill Has Homeowners Worried About Being Shoved Out

| February 20, 2012

A controversial bill backers say would speed up the foreclosure process and help jumpstart the economy made its Florida Senate debut Monday amid concerns that the measure could leave some homeowners unjustly out in the cold.

Mission Stumbles: How Fannie and Freddie Put Homeowners and Taxpayers at Odds

| February 3, 2012

Here’s a primer on Fannie and Freddie’s role in the housing market, why their actions often go against the interests of homeowners and are even at odds with their own mission, and what to expect from here on.

Good News for Flagler Property Owners: Most Home Values Will Barely Fall; Some Will Rise

| January 30, 2012

Flagler County Property Appraiser’s preliminary estimate sees a property value drop in “the low single-digits” at most, with taxable values rising in Grand Haven and Flagler Beach, among other spots, as the five-year collapse in values appears to draw to an end.

Existing Home Sales Just Under 5 Million, 11.3% Better Than Last September

| October 20, 2011

Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors.

UF Survey: Political Acrimony and Economic Ills Hurt Real Estate’s Outlook in Florida

| August 15, 2011

The University of Florida’s quarterly Survey of Emerging Market Conditions concludes that economic and political worries are holding back spending, except by foreigners. Tourism is the state’s strongest bright sport.

From Federally Owned Foreclosed Homes To Rental Properties: Can It Work?

| August 13, 2011

Government-owned foreclosures as rental property investments: The government is looking for win-win solutions for taxpayers, renters, investors and neighborhoods, but there’s plenty of skepticism about the foreclosure-to-rental concept.

GMAC Mortgage Machination: Don’t Have Document to Foreclose? Make It Up

| July 30, 2011

When GMAC, one of the nation’s largest mortgage servicers, sought to foreclose on a homeowner last year and lacked a crucial document, the company just made one up, pointing to a pattern of deceptive filings to foreclose on homeowners.

20% Down Mortgage Requirement Would End Middle Class Home-Ownership As We Know It

| June 20, 2011

If a proposed Qualified Residential Mortgage Rule (QRM) of 20% down and spending less than 28% of monthly gross income on the mortgage takes effect, Marc Morial of the National Urban League argues, middle class home ownership will be a thing of the past.

As Palm Coast Talks Development, Housing Prices Hit New Low, Falling 4.2% in 1Q

| May 31, 2011

Housing prices fell to levels not seen since 2002 as double-dipping prices hit new recession lows. Meanwhile, the Palm Coast City Council discussed approval of a plan that would add 12,000 housing units to the local hosing stock.

Foreclosures Down 59 Percent in April, But Don’t Celebrate Yet, Florida

| May 12, 2011

Longer processing times and the backlash against banks’ speed-dialed foreclosures have more to do with the brighter number than an actual recovery in the housing market.

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