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Volusia County Real Estate News - Courtesy of the Daytona Beach News Journal-Online.com

Foreclosure sales decline locally

25 Jan 2012

Sales of foreclosure properties declined in both Volusia and Flagler counties in the third quarter of 2011, according to data released Wednesday by national research firm RealtyTrac.

Former motorcycle/watercraft dealership building up for sale

25 Jan 2012

The building that once housed a motorcycle/watercraft dealership called Kawasaki/KTM of Daytona Beach is for sale -- for the second time in 2-1/2 years.

MG on the Halifax tops off $6M expansion

24 Jan 2012

A large, aluminum arched canopy was gingerly lowered into place Tuesday, tying together a new $6 million clubhouse and large pool addition at the MG on the Halifax condominium complex in Holly Hill.

Women's Council of Realtors is for women and men, alike

22 Jan 2012

Robert Clinton has been a real estate agent since 2001. He was honored as "Realtor of the Year" seven years later by the New Smyrna Beach Board of Realtors.

Realty group honors Walden

20 Jan 2012

At its first monthly business meeting of 2012, 100 Plus Realty Group LLC honored Jim Walden with Listing Realtor of the Year, and Sales Person of the Year.

Local home-sales market bucks statewide trend

20 Jan 2012

Home sales rose 6 percent across the Volusia-Flagler area in December compared to a year ago, even as sales statewide fell, ending the local housing market's year of transition on a high note.

Builders getting less pessimistic

18 Jan 2012

U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year.

Small-business center director addresses Realtors group

18 Jan 2012

Ned Harper kicked off the new year for the Daytona Beach Area Women's Council of Realtors by stressing goal-setting and increasing efficiency.

Commercial building sells for $330,000

16 Jan 2012

A vacant building that formerly housed a European automobile service business at 388 N. Nova Road in Daytona Beach was sold after less than 60 days on the market.

National Real Estate News - CNNMoney.com

Home repairs: Which jobs come first?

3 Feb 2012

Lean times call for budgetary triage. But while you should clearly opt for orthodontics before Disneyland, the choice is tougher when it comes to home maintenance.

Finally, a foreclosure settlement (Maybe)

3 Feb 2012

States have until late Monday to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value.

Mortgage rates hit another new low

2 Feb 2012

Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record.

Mortgage probe unveiled as foreclosure talks loom

2 Feb 2012

President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.

Obama proposes new home loan refinancing plan

1 Feb 2012

The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates.

REITs to avoid

1 Feb 2012

Investors are racing into REITs that promise higher yields than equity REITs. But be forewarned, the higher yields of these other types of real estate vehicles come with very real risks.

Don't rush into REITs

1 Feb 2012

You'd think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, rents really haven't grown at all in four years. And given the possibility that the global economy may retrench yet again, things could still get worse before they get better.

Become your kid's mortgage lender

1 Feb 2012

Between slumping prices and low mortgage rates, it's a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren't exactly in a position to take advantage of the opportunity. That's where their parents come in: One in three first-time buyers received either a gift or a loan from their families to help buy a home in 2011, according to the National Association of Realtors.

Top 10 turnaround towns

31 Jan 2012

Florida's cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com's top 10 turnaround towns, eight are in the Sunshine State.

Home prices post steep decline

31 Jan 2012

Home prices posted a steep, month-over-month drop in November, falling 1.3%, according to the latest S&P/Case-Shiller 20-city report. Prices fell in 19 of the 20 cities the index covers.

Obama expands foreclosure prevention program

30 Jan 2012

The Obama administration is taking another swing at improving its main foreclosure prevention program.

The housing recovery that wasn't

27 Jan 2012

FORTUNE -- Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon.

New-home sales hit a record low

26 Jan 2012

Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.

Foreclosures made up 20% of home sales in 3Q

26 Jan 2012

Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.

Romney's real estate deals

25 Jan 2012

Out of all of the presidential candidates, former Massachusetts Governor Mitt Romney owns the most real estate -- even after unloading a couple of sizable properties.

Mortgage crimes are focus of new task force

25 Jan 2012

A new special task force to investigate and prosecute those responsible for bad mortgages during the housing boom will be part of President Obama's 2012 agenda.

Housing: The one bailout America could really use

17 Jan 2012

Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for big investment banks. She's long been a star among Wall Street insiders, however. She holds the record for the most top rankings for fixed-in-come research from the trade bible Institutional Investor.

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