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In The News

Stay updated on the central Florida area's top news in real estate. Find our press releases, news outlet interviews and other stories of interest on our local market here!

Found 56 blog entries about In The News.

(Daytona Beach, FL) –Single family home sales around the greater Daytona Beach area were down slightly in January, compared to the same month in 2016. Meanwhile, median sales prices were up compared to a year ago. 

For the month ending on January 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 297 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $200,000. It amounts to nearly a 5 percent decrease in sales and an 11 percent increase in prices, year over year. Month over month comparisons showed typical December-to-January trends with steady prices and reduced sales totals. 

Comparisons to previous months and 2016 SFR sales figures are below: 

  • January
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The affordability of America's homes is on shaky ground, some experts now say. 

According to a recent CNBC report, rising mortgage rates, a lazy pace in income growth and steep climbs in home prices caused by low inventory levels are ultimately stars aligning in a troubling way. 

Homes are becoming less affordable... quickly. 

Right now, the average mortgage and interest payment for a home eats up about 22 percent of the median income in America,  a report from Black Knight Financial Services found. It's the least affordable homes have been in seven years. But thankfully, it's still below the 36 percent median income it took to afford a home at the height of the housing boom in 2005-2006.

Still, buyers' payments for a median priced home

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(Daytona Beach, FL) – Median sales prices in the Daytona area condo market rose to a strong $188,000 as condo sales inched further downward in January. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 75 condo sales in January with a median sales price of $188,000. It’s an 18 percent drop from the sales totals seen the same month a year ago, and a 15 percent reduction from December’s sales. Meanwhile, median sales prices continued the upward trajectory seen through much of 2016. Median prices in January rose dramatically by 22 percent, year over year. And they were up 6 percent compared to December.   

Inventory levels in January remained down by 6 percent,

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(Daytona Beach, FL) – Home flipping continued its frenzied pace throughout 2016 with the Volusia County area climbing to the second highest spot among the metro areas with the nation’s highest flip rates. 

According to an annual report released by Trulia last week, house flipping around the nation hit a 10-year high and was so prolific that 6.1 percent of all home sales in 2016 were flips. The last time numbers were this high was in 2006, during the height of the housing boom. In 2015, 5.3 percent of homes sold were flips, the report said. 

(For the study, Trulia defined a flip home as “the purchase of a house at market rate and selling it at a higher market rate price, because of improvement to the property and/or rising prices” and it excluded

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(Daytona Beach, FL) –In local real estate sales, 2016 ended strong. There were continued strong gains in median sales prices in year-over-year comparisons, giving local homeowners another reason to smile and celebrate as the New Year rolled into focus. Meanwhile, home sales were up compared to November, but down sharply year-over-year thanks to the ongoing inventory woes in the local market. 

For the month ending on December 31, 2016, the Daytona Beach Multiple Listing Service (MLS) reported that 356 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $200,000. That’s a 14 percent decrease in sales, year over year. Meanwhile, low inventory conditions kept prices soaring in December, as

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(IRVINE, Calif.) As 2016 drew to a close, industry experts did their annual foreclosure calculations and found the number of foreclosure filings was down 14 percent and had finally hit a 10-year low. 

ATTOM Data Solutions' Year-End 2016 U.S. Foreclosure Market Report showed that over the course of 2016, the there were 933,045 (0.7 percent of U.S. homes) foreclosure filings on U.S. properties. That's down 14 percent from 2015 and is the lowest level since the height of the boom in 2006, when there were just 717,522 filings (0.58 percent of U.S. homes). 

"The national foreclosure rate stayed within an historically normal range for the third consecutive year in 2016, even as banks continued to clear out legacy foreclosures from the last housing

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Daytona area dog lovers got some long awaited good news this week as the Volusia County Council decided to ease up on the county's NO DOGS rules on Daytona's beaches. 

Long relegated to a very limited few places where dogs and their owners could run and play in the sun and surf together, the county council decided to answer local dog lovers' pleas for access to more beach time together with a temporary pilot program that would allow leashed dogs on Daytona's beaches at certain times of day.

Once the newly proposed pilot program is officially passed by the council in February, leashed dogs will be permitted on Volusia's beaches after 4 p.m. each day. The pet allowance period is proposed to continue through the overnight hours and would include the

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(Port Orange, FL) –The Wyse Home Team at Keller Williams Realty in Port Orange, FL announced today an aggressive growth plan for the business in 2017 that includes several new employment positions and the promotion a current employee to the ranks of management.  The Wyse Home Team’s business development associate, Rob Snyder, will assume the new role of Sales Manager effective immediately. 

Snyder has worked as a business development specialist for The Wyse Home Team for more than 18 months, working successfully to bring in new business and grow the future clientele base. He brings 5 years of management experience, 3 years of sales experience and 15 years of customer service experience to the new management role, in which Snyder will be responsible for

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Are you someone who likes to be prepared... for EVERYTHING? 

We all know someone or several someones who worry so much about what the future might hold that they're already planning for Armageddon

People have built bunkers in the mountains, submarines to sink into the sea, safe rooms and more. But did you know that you might be able to ride out the apocalypse comfortably in your own condo?? 

Apparently, someday we might find the survivors of whatever horrible event finally takes us down in a stylish Dallas, Texas condo complex. That's right, condo developers have begun building a $300 million luxury condo complex designed to bring its residents safely through Armageddon!

Trident Lakes, located on a 700-acre plot of land along a highway just

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(Daytona Beach, FL) – Although the Daytona area condo market remained strong in December, both sales and prices were down compared to the same month a year earlier. Sales were steady, however, compared with the previous 3 months. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 89 condo sales in December with a median sales price of $177,253. It’s an 18 percent drop from the sales totals seen the same month a year ago. Meanwhile, median sales prices were relatively stable, year over year, showing only a slight decrease. Month over month, December sales were almost identical to market activity in November, but there was a notable drop in median sales prices as fewer high

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