Flagler County Administrator Jerry Cameron sold a parcel of land on U.S. 1 in St. Augustine to the Mullins Companies for $405,000 in August in what Cameron described as an “arms-length transaction” with Joe Mullins, the Flagler County county commissioner.
real estate
Getting Over Resistance Against Apartments in Palm Coast: Less Prejudice, A Bit More Height
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
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
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
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
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
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%
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
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
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
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
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
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
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
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
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
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
“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
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
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
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
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
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
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
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
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?
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
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
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
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
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.
Florida Home Sales Rise in 1Q, Home Values Tumble Again
Florida home sales rose 13 percent in the 1st quarter, led by a glut of bank-owned homes on the market, but housing prices continued to fall, dampening hopes that property values have bottomed out.
Loan Modifications: How Banks Require Struggling Homeowners to Waive Rights
Mortgage loan modification scams: Regulators ban the practice, but banks are forcing homeowners struggling to save their home to sign away their right to sue.
Property Tax Overhaul Passes House: Breaks For New Home Buyers, Business, Snowbirds
First-time home buyers would get a 50 percent property tax break on the value of their home. Voters would decide whether to cap property tax assessment increases for commercial properties at 5 percent.
New Home Sales Rebound From Record Low, But Sales Still 22% Lower Than Last Year
March new home sales post an 11 percent increase over February, but February had posted a record low, and March’s 300,000 sales volume is still 22 percent below sales in March 2010.
Growth-Management 2.0: Local Government Whims Sprawl Over State Oversight
Republicans have complained for years that growth management rules slow growth in the state. A glut of empty homes suggests otherwise. Local governments will be empowered to take advantage of far more lax growth rules.
Property Tax Reform: 50% Exemptions, Breaks for Investors, Losses for Local Governments
Supporters of the overhaul say it’ll fill up empty homes. Critics say it’ll also slash local government revenue and further shift the tax burden to current residents, exacerbating inequities.
Postcard-Size Economic Development: Palm Coast’s Plea to Absentee Property Owners
The city administration is planning to send postcards to owners of some 18,000 empty lots and 5,400 empty homes as a step to reviving the real estate market, though the city’s development policy is at cross-purposes with filling those empty lots.
From DuPont to ITT: A Century of Marketing Flagler County to Northern Chill Migrants
Marketing Flagler County: Sisco Deen tells the story of the DuPont Land Co.’s — and other development companies’ — marketing schemes to get northerners to buy in Flagler County, long before ITT industrialized the process.
Wrongful Foreclosure: What You Need To Know
Banks and foreclosure defense attorneys disagree on whether errors in the process have caused wrongful foreclosures — but their definitions of what constitutes a “wrongful foreclosure” differ.
Why You Won’t Have to Leave Your Foreclosed House (If You have a Good Lawyer)
Some banks are still insisting that their errors are minor and foreclosures will continue, but what they say publicly and do privately are two different things.
Social Profile for for Flagler County and Palm Coast, 2009 Census Bureau’s Community Survey
Detailed, charted table of the Census Bureau’s social profile (marriages, divorces, origins) data for Flagler County and Palm Coast, 2009 American Community Survey.
Housing and Real Estate Data for Flagler County and Palm Coast, 2009 Census Bureau’s Community Survey
Detailed, charted table of the Census Bureau’s housing, development and real estate data for Flagler County and Palm Coast, 2009 American Community Survey.
Palm Coast Redraws Its Stormwater Tax, Benefiting Some Big Landowners
Vacant properties of 25 acres or more will pay less than considerably less than the $8 a month stormwater tax assessed on the typical residential property in Palm Coast.
From “Wall Street” to Sequel, a Sentimental Oliver Stone Manages a Ménage à Trois
Oliver Stone’s new “Wall Street” is worth the ride, but it’s less caffeinated than the original, and Stone gives in to sentimentalism and nostalgia where polemic serves him better.
Existing Home Sales Edge Up 5.2% in South, But Still at 15-Year Low
Existing home sales rebounded as expected from a severe plunge in July, but not by much, and the large housing supply will keep prices falling.
Taxable Property Values Plummet a Record 20%; Dire Numbers for Local Governments
The drop is the steepest of the last three years. Some $5 billion in taxable values have been wiped out since 2007.
$75 Billion Mortgage Modification Program Is $74.76 Billion Behind
The Obama administration committed to spend up to $75 billion on its foreclosure-prevention program. More than a year later, only about $242 million had actually been paid out.
City Walk, Home of Palm Coast Government, in Foreclosure
City government officials have kept mum for a year since foreclosure proceedings began on much of the 167,000-square-foot development.
Now Showing: Coming Theater Near You
Palm Coast’s 14-screen movie theater is rising fast in Town Center, but questions remain whether the county can support a major cineplex.