News about properties and real estate
More than 5,600 new homes still sit unsold in the Orlando area The number of individuals and families moving into new homes in Orlando-area subdivisions plunged 26 percent during the second quarter, and home builders continued to slam on the brakes. Starts, or new homes getting under way in the region, fell more than 41 …
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Distressing development [South Florida] he implosion of New York-based Boymelgreen Developers has reached Miami Beach. Deposits are being returned at its 66-unit Vitri project on South Beach. Contract holders are upset about getting back their deposits of the developer’s project north of downtown with only 1 percent interest after two years. And brokers are threatening …
Towering Rage From his office on the 12th floor of the Las Olas Centre, Don Hall’s view stretches across the New River to take in regal yachts, fine mansions, and open skies. Hall says he likes open spaces. He even owned a ranch in Wyoming once, which explains his office’s Western décor. Yet blocking that …
Like a piñata, bursting condo bubble will spill forth goodies [South Florida] Even Cassandra must have thought once or twice about pie in the sky. As Miami’s unofficial prophet of doom during a condo bubble that is no longer in dispute, I wrote column after column counseling caution rather than unbridled euphoria but claiming that …
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More mobile homes are not being insured More than half of Florida’s 800,000 mobile homes are no longer covered by homeowners insurance — another sign of the state’s soaring insurance costs. The number of insured Florida mobile homes dropped from more than 500,000 in 2004 to less than 400,000 last year, according to the state …
Con artist or beaten spouse? [Tampa Bay Area] She blames her ex. It’s an act, her victims in a housing scam say. Who is Synthia Ippolito? Is she, as prosecutors allege, a cunning con who bought the homes of 20 people under false pretenses, forcing victims to spend tens of thousands of dollars to buy …
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