Supreme Lending Forecasts Changes in the Fort Walton Housing Market

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Supreme Lending Forecasts Changes in the Fort Walton Housing Market Home Prices Continue to Rise and Mortgage Interest Rates are Projected to Increase Fort Walton Beach, FL — ( SBWIRE ) — 12/02/2013 — Fort Walton home sales continue to rise, according to Builder Online, with new home closings increasing by 17.2 percent over the same time.

 · The largest growth — about $90 million worth — is expected to come from owner-occupied commercial real estate. It’s quite a change for a bank that closed branches, laid off a quarter of its workforce and raised capital to write off millions in bad loans over the past few years. The growth drive also coincides with a name change. Yadkin Financial dropped the "Valley" that used to stand in the.

 · The latest quarter’s results included $93 million in charges related to the company’s Fort Myers-Coral operation in Florida, which Hovnanian attributed to a continued decline in sales pace, weak market conditions and increasing cancellation rates during the quarter Total revenue for the period fell 8.8% to $1.2 billion.

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 · The Board believes that Mr. Kirkland’s experience in real estate development, construction and finance provides needed skills for setting policies involving the allocation of credit and lending.

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