There are signs that confidence in the Daytona Beach housing market is waning a bit with the latest new home construction data. Many analysts are still trying to figure out why housing starts nose-dived in February. Privately owned housing starts in February plummeted 17%, down to an annualized 897,000 from the revised January estimate of […]

There have been all sorts of reports and predictions coming out about the Daytona Beach homebuying season outlook. Freddie Mac’s Deputy Chief Economist, Len Kiefer, gives Freddie Mac’s preview and prediction of the March 2015 U.S. Economic and Housing Market Outlook in this short video report… . We have more news as it relates to […]

Daytona Beach home sales have fallen to their slowest pace in nine months, with sales of existing homes tumbling 4.9 percent last month. Relatively low mortgage rates and steady job growth have not yet spurred the kind of activity from buyers or sellers, raising the possibility of either a spring rush, or another year of […]

According to figures from the National Association of Realtors, existing Daytona Beach home sales increased in December, reaching an annual pace nationally of more than 5 million sales for the sixth time in seven months. Median home prices for last year reached their highest level since 2007 but the total number of sales dropped 3.1% […]

The latest Gallup poll shows that the average American has a lot of problems, but owning a home is not one of the biggies any more. Right now, more Americans are concerned about healthcare costs, low wages and a lack of jobs. When it comes to the capital markets, they worry about the cost of […]

In a move expected to bring 250,000 first-time homebuyers into the market, FHA will reduce annual Daytona Beach mortgage insurance premiums by half a percentage point, to 0.85 percent. The move is expected to make homeownership more affordable for more than 2 million homeowners in the next three years. After raising Daytona Beach mortgage insurance […]