Daytona Beach Real Estate

Senator Christopher Dodd (D-Ct.), in an interview on CNN this morning, referring to federal banking regulators, said that “the cops were not on the beat.” Senator Dodd is chairman of the Senate Banking Committee. Excuse me Senator, but you’re one of the cops.

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We believe that the long-term forecast for our market has changed and that business and government must change our current economic structure if we are to see future growth.

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How Does IndyMac Failure Affect Daytona Beach Real Estate
The failure of IndyMac will have little affect on Daytona Beach Home and Condo owners. On Friday, July 11, 2008, IndyMac bank out of California was “taken over” by the Federal Government. This is the second largest bank failure in US history.
The bank informed Federal banking regulators [...]

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Mother Jones magazine, in their latest issue, shows a timeline of events going back to 1913 that contributed to the recent sub-prime mortgage crisis.

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1st Quarter Daytona Beach real estate sales were 606 properties, but second quarter sales were 823 properties, up 36%.

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Daytona Beach real estate sales lost some ground in June, dropping to 259 residential homes and condos sold and falling 9.7% against May sales of 286 properties. This bucks the recent trend of two months of good sales increases, but is not as bad as it appeared earlier this month.

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