Update on June 2008 Daytona Beach Florida Real Estate Sales
After two months of significant gains, it looks like sales of Daytona Beach Homes will fall in June. At this point, we are 28.3% behind the May pace. What does this mean?
Well first, when sales increased 27% in April, we were cautious about saying that the [...]

Daytona Beach Real Estate News - Mortgage Rates Up 1/2%
Mortgages rates are up 1/2% over the past two weeks. This is not good news for people in the market for Daytona Beach Homes or condos. The 30 year fixed conventional mortgage rate was at 5.8% two weeks ago. The rate today is 6.3%.
What does [...]

How Do Florida Foreclosures Impact Daytona Beach Real Estate?
It’s prices not foreclosures hurting the Daytona Beach Homes market.
Foreclosures in Florida continue to headline news stories, and nationwide over 1,000,000 homes are in foreclosure. Daytona Beach Homes have been impacted, but not nearly as much as other areas in Florida.
Here are some of the numbers for [...]

Daytona Beach Real Estate Market Update for June 9, 2008
Sales of Daytona Beach Homes and condos for June are lagging behind the first week of May by 13 properties (41 vs. 54). We don’t find this alarming, but, we will watch the coming weeks with interest.
Mortgage Rates
Mortgage rates were up slightly for fixed conventional mortgages, [...]

Daytona Beach Real Estate Unit Sales Up 2.9% for May
The Daytona Beach real estate sales figures for May 2008 show the highest sales since June 2007. Overall sales were up 2.9% over April which was up 27% over March meaning that we held the big gains from April. The strength of the market remains in [...]

Daytona Beach Home and Condo Sales Beat April Results
The May Daytona Beach Homes sales preliminary numbers are in and at 280 units, we beat April results by 1%, or 3 units. This may not seem like much, but, we held the gains of April over March of 27%. May sales were 71% higher than January. [...]

Are Big Banks Borrowing to Issue Dividends Payments?
In the May 26, 2008 issue of Fortune, Allan Sloan, rails banks and large brokerage firms for borrowing to prop up capital reserves while at the same time paying dividends to stock holders. See “The Bucket Fillers” at the end of the article.
This is the equivalent of borrowing [...]

What is the New Normal Sales Level for Daytona Beach Real Estate
We just finished analyzing last weeks Daytona Beach Real Estate sales data to complete the weekly Daytona Beach Real Estate market report. Sale for this month are a little ahead of last month at 210 vs. 202. Last months total sale were 277, so [...]

What is the Next Tipping Point in Real Estate?
A few years ago Malcolm Gladwell wrote a book called The Tipping Point. Gladwell likens the tipping point to an epidemic, making the point that social epidemics take on a life of their own. The recent real estate bubble bursting indicates a tipping point, or more to [...]

Daytona Beach Real Estate Investing - 3 Things You Must Know to Succeed
There are two main types of real estate investors - pros and amateurs.
Are you a real estate investing pro? Answering this question defines your approach because pros make money at their profession. Deciding that you are a pro means that you are going [...]