Real estate slump chills ‘flippers’ Get in, get out, get the next deal. That’s the code of the ”flipper.” But with concerns rising about a slowing housing market, has the world flipped on flippers? Some analysts and brokers think so.
Monthly Archives: December 2005
Real estate market gets hotter after storm passes
Real estate market gets hotter after storm passes November brought a booming residential real estate market to parts of the New Orleans area that escaped Hurricane Katrina-related flooding, with the total value of sales climbing 50 percent over the same month a year ago, figures released Friday by a leading real estate firm show. The …
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Condo conversion craze makes finding apartments harder
Condo conversion craze makes finding apartments harder Diana Perez got the letter a few months ago: the apartment complex where she and her family live was converting into condominiums. They had to leave if they couldn’t pay a 20 percent down payment on their two-bedroom apartment, now selling for $185,000. That’s $37,000 up front on …
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21-story condo tower at N. Flagler OK’d
21-story condo tower at N. Flagler OK’d Another stretch of shoreline, another condo. The condo is the latest in hundreds of new condo units that are quickly changing the landscape along what used to be the sleepy northern edge of Flagler Drive. Earlier this year, four condo towers and retail space were approved for the …
Investors propel real estate boom
Investors propel real estate boom Florida’s favorite pastime? Not football, golf or fishing. It’s real estate, and everyone’s doing it. When Manatee Community College offers a class called “Flipping Houses” — and it is — you can bet everyone is in the tank.
N.Y. Rent Laws Enabling Out-of-Town Luxury
N.Y. Rent Laws Enabling Out-of-Town Luxury Thousands of New Yorkers, taking advantage of rent-stabilization laws designed to keep middle-class New Yorkers in the city, are using the money they are saving on rent to buy weekend or vacation homes outside New York in places such as Florida, Connecticut, and even Switzerland.