Incentive Approved for Affordable Housing Project

Volusia County Council members stated the math just made sense – to invest $23.15 per-month each on 216 apartment units in Daytona Beach to keep the rent affordable for lower income tenants. On July 22nd, the council unanimously approved a 15-year incentive agreement with the developers of an apartment complex located on an approximately 24-acre site along Clyde Morris Boulevard just south of LPGA Boulevard. … Continue reading Incentive Approved for Affordable Housing Project

County Launches Affordable Housing Initiative

Local governments across America are dealing with an escalating affordable housing crisis. Locally, the Volusia County Council is tackling the complex issue with an ambitious initiative that will involve local governments, local agencies and individuals. Volusia County Combatting Affordable Housing Crisis First up is a series of webinars from noon to 1:30 p.m. every Friday in July that will address the causes and potential solutions. … Continue reading County Launches Affordable Housing Initiative

Volusia Real Estate Outlook: Market Reality in 2021

Sellers and buyers are experiencing very different market conditions compared to pre-pandemic years. Volusia’s current housing market is a strong seller’s market with fewer new listings and a very tight inventory (active listings), particularly for existing single-family homes. Sellers are taking advantage of the home price increases. Buyers are taking advantage of the historically low interest rates. Although each customer has advantages, the market is … Continue reading Volusia Real Estate Outlook: Market Reality in 2021

Can the Ormond Beach Loop Be Saved?

Plantation Oaks, a retirement community located in Ormond Beach, Florida, north of U.S. Highway 1 alongside Interstate 95, is receiving opposition from concerned citizens for an expansion that was approved almost two decades ago. The expansion would include up to 669 new single family homes by the Ormond Beach Scenic Loop and Trail (OSLT). According to the website Change.org, a petition was created with over … Continue reading Can the Ormond Beach Loop Be Saved?

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Volusia Real Estate Update: How has COVID Impacted the Housing Market

Florida Governor Ron Desantis declared residential and commercial real estate, including settlement services, essential on April 1, 2020. Christopher Krebs, the nation’s Director of the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, designated real estate services as part of the nation’s “critical infrastructure.” How have Realtors Changed their Practices during the Global Pandemic? Realtors, buyers and sellers are able to abide by COVID-19 … Continue reading Volusia Real Estate Update: How has COVID Impacted the Housing Market

new smyrna beach housing authority holiday party

NSB Housing Authority – 70 Years Serving The Community

According to the National Low Income Housing Coalition, an advocacy group for low income families in the United States, average monthly fair market rent in Volusia county is $850 for a one-bedroom and $1475 for a three- bedroom. As one can imagine, homes in desirable locations, like beachside and walkable neighborhoods, rent averages are much higher. Low Income Housing Essential in New Smyrna Beach Area … Continue reading NSB Housing Authority – 70 Years Serving The Community

Volusia County Launches Hurricane Matthew Housing Program

On June 8, Volusia County Community Assistance launched a disaster recovery housing program, The Hurricane Matthew Housing Program, to assist residents with damaged single-family homes or pre-1994 mobile/manufactured homes. Volusia County has been approved to receive funds to assist eligible residents, which has been awarded by Community Development Block Grant – Disaster Recovery (CDBG-DR) funds through the Florida Department of Economic Opportunity (DEO). Applicants for … Continue reading Volusia County Launches Hurricane Matthew Housing Program

nice two story home at sunset

2019 Real Estate Market Report

Volusia County’s 2019 Real Estate Market Forecast Volusia residents and visitors are wondering what to expect for the 2019 real estate market. For 2018, the market started with high home prices, historically low mortgage rates and a seller’s market. Has turnover in the housing market peaked? National housing experts predict price gains can only decelerate. The New Smyrna Beach Board of REALTORS Residential Market Statistics … Continue reading 2019 Real Estate Market Report

2018 Housing Market Radar

Tax Reform & Flood Insurance Many factors impacted the real estate market in 2017. Across the state of Florida, housing markets reported low inventory, gradual mortgage interest rate hikes and home price increases as three factors that could not be ignored. Although low inventory is a problem for homebuyers, it is positive news for homeowners as they continue to build equity. In an economic and … Continue reading 2018 Housing Market Radar