You can survive ARM increase First, the bad news: If you’re among the millions who took out an adjustable-rate mortgage in the past few years, your monthly payment is likely to jump on the next adjustment date — by 20 percent, 30 percent, even 40 percent. Blame the Federal Reserve for driving up short-term interest …
Monthly Archives: December 2005
Some farmers refusing developers’ big dollars
Some farmers refusing developers’ big dollars Her family has lived on the Branch Ranch since the mid-1800s, long enough to be honored as one of Florida’s Century Pioneer Family Farms. It’s a program that recognizes land held in continuous ownership for 100 years or more. “When you grow up rural it’s hard to give it …
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Raleigh faces crush of condos
Raleigh faces crush of condos A coming flood of condominiums in downtown Raleigh has real estate observers wondering not if, but when, the word “overbuilt” may apply and whether buyers will stomach paying prices that are touching $300 per square foot. Under construction, or soon to be, are projects that would bring on line 500 …
‘The market peaked four or five months ago’
‘The market peaked four or five months ago’ A Q&A with three experts Has the market peaked? “It peaked four or five months ago.” Real estate is definitely a good investment if you buy right. It’s already starting to be more of a buyer’s market. We’re seeing hurricane fatigue, not a majority of people but …
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Celebrity Real Estate Wrap: Rupert Sells for $25 Mil?
Celebrity Real Estate Wrap: Rupert Sells for $25 Mil? Holy water tower! Rupert Murdoch might actually do it! By now we all know about the News Corp. boss’s $28 million Soho triplex loft and how much press it has grabbed.
Caution urged in ‘rent-to-own’ home contracts
Caution urged in ‘rent-to-own’ home contracts Potential home buyers with bad credit can still acquire a home under a lease-option agreement, but there are many pitfalls to avoid. In some metropolitan areas, lawn signs, telephone poles and newspaper advertisements hawk them aggressively to modest-income and credit-challenged consumers who want to buy a home. Stripped to …
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