News about properties and real estate
Housing Price Appreciation Cooling Slightly The housing price appreciation boom isn’t dead, it’s shifting to new real estate markets. Arizona and Florida are on fire, but San Diego and Boston — once the hottest markets in the country — are now distinctly moving into a cooling phase. The third quarter appreciation report issued by the …
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Second-home sales surge in U.S., abroad in 2005 It came as a big surprise to the real estate industry last year that second homes were accounting for more than one-third of annual sales. Newly accurate or not, the percentages don’t tell the whole story: Though baby boomers make up a large part of the second-home …
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Vacant tower going condo The downtown Fort Lauderdale office building that was once home to Blockbuster Inc. and ANC Rental Corp. is going condo. The 11-story building and an adjacent restaurant, located at 200 S. Andrews Ave. and known as Museum Plaza, is under contract to be sold to North Miami Beach-based NRI Plaza LLC, …
Business: Bay area home prices defy trend Statewide and nationwide, the housing boom shows signs of winding down. But in the Tampa Bay area, prices keep climbing. The median resale price among single-family houses rose 4.9 percent locally to $225,700 last month, up from $215,200 in September. By comparison, the median – or midpoint – …
Pension funds play catch-up with high rise of real estate After several years of robust performance and enviable returns, public and private pension funds are hitching their bandwagon to the bull-run real estate market. Time will tell if their rearview-mirror investment strategies are too late. “The pension fund universe was underfunded in recent years,” says …
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Rents in Palm Beach County climb hundreds a month due to rising insurance, property taxes: South Florida Sun-Sentinel Landlords in South Florida say skyrocketing taxes and insurance costs are forcing them to sell their units or raise rents — in some cases by several hundred dollars a month. Rental property doesn’t qualify for Florida’s Save …