Daytona Beach Real Estate Blog
Latest Articles and Information
There’s a lot of information here about Daytona Beach Real Estate, covering the Daytona Beach area including Ormond Beach, Port Orange, Ponce Inlet, Holly Hill and the surrounding area.
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November 2009 Daytona Beach Real Estate Sales Up 99%
November Daytona Beach real estate sales were recorded at 404 homes and condos in the Daytona Beach MLS, nearly doubling the 203 sales from a year ago. Sales were up 13.8% over October of this year.
More Perspective on Short Sales
55% of Florida home sales in September were REO (real estate owned) and short sales according to Lender Processing Services (LPS). As a home buyer, the Daytona Beach condos and homes you will be searching for and seeing will be in financial distress over 50% of the time.
Another Opinion – Is It a Great Time to Buy a Home?
As a real estate agent, people should be suspect if I say it’s a great time to buy a home. The Atlantic magazine, weighed in this week when writer Daniel Indiviglio wrote an article on the subject.
Photo Friday – Just Before Sunrise Peace Over the Water
This pre-sunrise photo was taken at 6:30 a.m. this morning off of Highbridge Road north of Ormond Beach and south of Flagler Beach. Highbridge Road can be accessed from A1A or John Anderson Drive.
Home Prices Up in September
Standard & Poors/Case Shiller released their September results for 20 US metro areas yesterday. The index rose 0.3% over August prices. Prices are still down for the year, but prices from the third quarter of 2009 rose 3.1% over the second quarter.
One Out of Four Florida Mortgages Reported In Foreclosure or Delinquent
Florida Leads The Country in Foreclosures The Sun Sentinel reports in a recent article – Florida leads the nation in foreclosures: One out of four
Can Investors Get Tax Forgiveness for Short Sales?
The investor does not have the same right to tax forgiveness that owners of their primary residence. That means that if you sell your investment property as a short sale, you are likely to be hit with a hefty tax bill.
Daytona Beach Home Owner: You’re underwater on your house. Now what?
What are your options as Daytona Beach Home owner who is underwater on their home, meaning that there home is worth less than they owe?
Foreclosure and Delinquency Rates Rise
A new record high of homeowners delinquent on the mortgage or foreclosure was reached in the third quarter. Rising unemployment and balloon and teaser rate mortgages coming due through 2011 means that foreclosures and short sales are likely to continue through 2011-2012.
Does a Short Sale Hurt My Credit?
How a Short Sale Affects Your Credit I’ve been asked several times by Daytona Beach homes sellers about how a short sale will affect their
First Half 2009 Daytona Beach Homes Sales Strong in Some Segments
1735 Daytona Beach homes and condos were sold in the first half of this year. That’s up from 1433 in the first half of 2008’s for a 21% improvement. What’s interesting is to see where the sales are coming from.
Short Sale Survey Facts
A new survey shows that 77% of Short Sale sales fail because of the sluggishness of banks to respond.