South

Are Hurricane Prone Areas Losing Population Due To Fear Of Storms Or Housing Slowdown?

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Owning real estate in hurricane prone regions of the country has always had it’s risks. So after a particularly bad stretch of storms over the past few years one would expect the population to decline.
And it has, by [...]

31May2008 | Tom Royce | 4 comments | Continued

Gulf Region May Get Extension For Low Income Housing Tax Incentives

The recovery efforts for the gulf coast region after the devestation by Hurricane Katrina are being hampered by the lack of low cost housing units available. Most of those who lived in lower end housing in the gulf region have found it hard to rebuild and easier to relocate to another part of the country. [...]

14Mar2007 | Tom Royce | 0 comments | Continued

State Farms Florida Customers See 50 Percent Increase In Insurance Rates

State Farm has gotten approval from the state insurance regulators to raise the policy premiums 50 percent in Florida. The scary part is that State Farm was asking for a 79 percent increase and had to settle for the 50 percent bump. The rates will effect new and current customers.
The rates, more than a $1,000 [...]

19Jul2006 | Tom Royce | 3 comments | Continued

KIA Plant In West Point Georgia Not Wanted By All

As with anything in this world, the new KIA Plant in West Point, Georgia that we have followed so closely has been approved by the state, but some local residents are unhappy with the new plant being placed in their neighborhood. I can understand as living in a rural area is important to folks, and [...]

27Mar2006 | Tom Royce | 1 comment | Continued

Housing Sales in Tampa and Florida Slump in February

The housing market in Florida is slumping as the speculative element is getting out and buyers remain wary as they wait to see what will happen. Tampa Bay saw a 29 percent decrease in volume with a 1 percent price increase. This tells me that sellers are holding firm on pricing while buyers are showing [...]

25Mar2006 | Tom Royce | 1 comment | Continued

Orlando 2005 Residential Real Estate Roundup

The Orlando Sentinel has a great wrap up of the significant real estate revenue for the major companies doing business in Orlando. Here are some excerpts:

Realty Capital of Orlando posted $109 million in deals last year, up from $80.5 million in 2004. Sales, leasing and management activity all soared in double digits.
Signature GMAC Real Estate [...]

27Feb2006 | Tom Royce | 0 comments | Continued

Mississippi County Preparing a 23 Million Dollar Package to Get Kia Plant

In the battle to get the billion dollar Kia Automotive Plant that is planned to be built in the Southeast United States, Lowndes County in Mississippi is preparing to offer KIA a 23 million dollar incentive package. West Point, Georgia is the leading candidate for having the KIA plant built, but it is obvious that such [...]

15Feb2006 | Tom Royce | 0 comments | Continued

Atlanta McMansion Moratorium Cancelled by City Council

The Atlanta City Council Zoning Committee has more sense than the mayor, as they recognized that by not allowing certain areas of the city to have much more restrictive zoning than others, they were creating an unfair disadvantage for some. With this they shut down Shirley Franklin’s McMansion Moratorium that precluded builders from performing tear [...]

3Feb2006 | Tom Royce | 1 comment | Continued

Myrtle Beach Home Sales Show Large Increase in 2005

The Grand Strand, which is the coastal region of South Carolina surrounding Myrtle Beach, showed a strong increase in sales in 2005. This accompanied a strong increase of throughout the state of South Carolina which showed sales increases of 23% in volume and average price per home increased by 9.6% year over year.

Along the [...]

24Jan2006 | Tom Royce | 0 comments | Continued

Floridians Optimistic Double Digit Growth Will Continue - Florida Real Estate

Got to love the optimists… PNC did this survey of 200 wealthy South Floridians, and heard a level of optimism not heard much these days.

We believe that South Florida real estate remains a good investment,” said Robert Saltarelli, regional president of PNC Advisors in Naples. “Depending upon the individual client’s income and liquidity needs, [...]

21Dec2005 | Tom Royce | 1 comment | Continued