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September 2016

Found 6 blog entries for September 2016.

Media and industry experts report that house flipping is again reaching all-time highs and many markets saw summertime frenzies as prices soared and inventory levels struggled to keep up. The conditions in some ways look a lot like those during the boom that occurred before the real estate bust ten years ago - to the untrained eye that is. So while some homeowners have found themselves wondering if another housing market crash is on the horizon, the experts with trained eyes continue to reassure us that no crash is coming because there are some key differences between the conditions in 2006 and those we're seeing now. 

One big difference is the financing and banking environment.

There is no doubt that getting a mortgage is easier today than it was

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(Daytona Beach, FL) –August home sales showed marginal growth as prices again soared in year-over-year comparisons. Meanwhile, inventory levels improved slightly compared to July, but still remained low in August as buyers were forced to shop in a market with 212 fewer homes listed for sale. 

For the month ending on August 31, 2016, the Daytona Beach Multiple Listing Service (MLS) reported that 453 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $195,000. The figures represent a 2.7 percent increase in the number of homes sold and a 16 percent increase in median sales price, year over year. Compared to a month earlier, prices and sales held relatively steady. Year-to-date comparisons

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The national flipping frenzy continued during the second quarter of 2016, and the number of home flips hit a 6-year high, according to the second quarter Home Flipping Report released by ATTOM Data Solutions, the new parent company of RealtyTrac.

The report ranked the greater Daytona Beach area in the top 10 for highest flip rates and found that homes across the nation continue to be flipped by investors, with flips up 14 percent from the first quarter of 2016 and up 3 percent year-over-year.

According to the report, more than 51,000 home and condo sales in the second quarter were flips (defined as a property sold in an "arms-length" transaction for the second time in a year.)

Essentially, flip homes and condos accounted for about 5.5 percent of

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Scammers want your house money. 

Property transactions usually involve the movement of significant amounts of cash. And it's no surprise to anyone that scammers and criminals would love to get their hands on your house money. Unfortunately, that has been easier than you might think lately.

There's a new, simple wire fraud scam, that's running rampant in the real estate industry. And being informed about the scam could protect you from becoming this scam's next victim.

Typically, wire fraud scams begin when a scammer gains access to a real estate agent’s email account, a buyer or seller's email account, or a title company's email account. Often, the hacker gets access to the email via simple spyware hidden in an email that appears to have come

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As temperatures continued to soar and school children returned to their classrooms, condo sales rebounded from a short term summer slump with steady sales, year-over-year and a jaw dropping median price jump. 

An analysis by The Wyse Condo Team at Keller-Williams Realty in Port Orange, FL, showed that the number of condo sales in August was nearly identical to sales totals a year ago. But median sales prices skyrocketed by more than 30 percent year over year. Month over month, both sales and prices rose.

 According to the Daytona Beach Multiple Listing Service (MLS), there were 132 condo sales in August with a median sales price of $212,500. 

“It’s great to see the condo market picking up as we move toward the winter months, with market

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It's almost time for the annual toe-tapping event that sends smooth jazz sounds soaring into the air around the world-famous surf city of New Smyrna Beach. 

Don't miss it this year as the 2016 New Smyrna Beach Jazz Festival hits the ground running with 4 days of great jazz, good food and lots of fun. The city’s 16th annual Jazz Festival will run from Sept. 22 to Sept. 25 with an incredible lineup of performers taking to multiple stages and keeping crowds singing with the smooth jazz sounds.

This event is a great way to explore the ever popular and world famous surfing city as you move from club to club along the historic, famous, Flagler Avenue, Third Avenue, Canal Street, Atlantic Avenue and the North Causeway in New Smyrna Beach to hear some of

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