Ormond Beach Real Estate News
Thursday May 21 | via Daytona Beach News-Journal Online
The number of homes sold and the median price they sold for rose in April to the highest level since 2007 in Flagler County and since at least 2008 in Volusia County. In Flagler, Realtors closed on the sales of 236 existing single-family homes last month, up 8 percent from 218 in April 2014, according to a report issued Thursday by the Flagler County Association of Realtors. Comment?
Tuesday May 12 | via Business Wire
A detailed list of rating actions follows at the end of this press release. The upgrade reflects an increase in credit enhancement from scheduled amortization and paydown from maturing loans since Fitch's last rating action. Comment?
Thursday May 7 | via Business Journal
The Deltona-Daytona Beach-Ormond and Palm Bay-Melbourne-Titusville were among the top metros with the biggest home-flipping returns in the first quarter, according to a new report from RealtyTrac. The Deltona-Daytona Beach-Ormond and Palm Bay-Melbourne-Titusville were among the top metros with the biggest home-flipping returns in the first quarter, according to a new report from RealtyTrac. Comment?
Wednesday May 6 | via Housing Wire
A total of 17,309 single family homes were flipped - sold as part of an arms-length sale for the second time within a 12-month period - in the first quarter of 2015, 4% of all single family home sales during the quarter, according to RealtyTrac . The share of homes flipped in the first quarter was the lowest since the second quarter of 2011, when 3.4% of all single family home sales were completed flips. Comment?
Wednesday May 6 | via AndhraNews
The share of homes flipped in the first quarter was the lowest since the second quarter of 2011, when 3.4 percent of all single family home sales were completed flips. The average gross profit -- the difference between the purchase price and the flipped price -- for completed flips in the first quarter was $72,450, up from $65,290 in the previous quarter and up from $61,684 in the first quarter of 2014 to the highest level going back to the first quarter of 2011, the earliest where data is available. Comment?
Thursday May 21 | via The Orlando Sentinel
The kiosks could address almost anything under the scope of civil law, such as divorce, foreclosure or conflicts with landlords. You'd type in your problem and the machine would tell you which legal forms need to be filled out, whether you have to pay for legal services and what kind of lawyer you should seek out if you do need one. Comment?
Friday May 22 | via Business Journal
Headway Office Park in Lauderdale Lakes is headed to auction after its owner lost a $12.9 million foreclosure judgment. Wells Fargo Bank, representing a commercial mortgage-backed securities trust, won the judgment against SRA/Sunrise Development over a $10.8 million mortgage, plus interest and fees. Comment?
Friday May 22 | via WTVY Dothan
Governor Rick Scott today announced that Florida businesses created 25,800 private-sector jobs in April 2015. Since December 2010, 865,600 private-sector jobs have been created across the state. Comment?
Thursday May 21 | via Capital Soup
Florida's housing market reported more closed sales, higher median prices, increased pending sales and more new listings in April, according to the latest housing data released by Florida RealtorsA . Closed sales of existing single-family homes statewide totaled 25,206 last month, up 17.9 percent over April 2014. Comment?
Thursday May 21 | via WIOD-AM Miramar
Florida posted the highest foreclosure rate in the country, and Miami home foreclosures are still near the worst in the nation. Bank Repossessions across the country are at 27-Month High, but remain 56 percent below the darkest days after the recession. Comment?
13 min ago | via Post and Courier
According to housing information provider CoreLogic's Market Condition Indicators, the Charleston-North Charleston area is now among the top seven metropolitan areas in the country with overvalued home prices. Four of the others are in oil- and gas-boom cities in Texas, where job and population growth have propelled home prices well above sustainable levels. Comment?
25 min ago | via The Japan Times
On any list of calamities threatening the world economy, a China crash ranks at or near the top. Just what would constitute a "crash" is murky. Comment?
53 min ago | via The Washington Post
"We're a little bit behind, but not too far behind, what we expected," Chief Executive Officer Mustafa Chike-Obi said in an interview in Lagos. "The courts are a constraining factor. Comment?
1 hr ago | via Iol.co.za
The Asset Management Corporation of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa's largest economy from collapse. "We're a little bit behind, but not too far behind, what we expected," Chief Executive Officer Mustafa Chike-Obi said in an interview in Lagos. Comment?
1 hr ago | via Daily Mail
Fixed rate mortgages have hit record lows, but while focus often zooms in on five-year fixes borrowers may be missing better rates on offer over four years. Both types of mortgage have fallen to record lows, but data from Moneyfacts, actually shows it is four-year deals that have seen the biggest rate drops in recent years - with the lowest rate available currently just 1.84 per cent. Comment?
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