"Maybe Im just like my father 2 bold".

When Doves Cry  Prince

With the 45' vertical restriction in Cocoa Beach, this is the proposed plan for new condo development.  If approved this will be very exciting with top of the line everything and fantastic views.

Real Estate News

With our dysfunctional federal government, there are all kinds of plans in place but one that is interesting.  A lot of cities have developed a plan to claim homes under eminent domain when homes reach foreclosure state.  Most cities have dropped this plan but Richmond Calif. is holding onto the plan.  HUD has followed with the legal statement that FHA will not be responsible for insurance on homes that are claimed by eminent domain.  I don't think this will hold up to legal process.

According to the Wall Street Journal home prices have risen 12% during the last year.  According to Goldman Sachs the increase will continue but at a less brisk pace because the homes are now at fair value.  They also say the foreclosures are drying up, I really can't agree with this last statement since I believe we will see the next stage of foreclosures later this year especially in economically challenged areas.

Jim Bagwell