News about properties and real estate
In 2003, the $13.2 million sale of 1219 Westway Drive, a then-new 7,400-square-foot mansion and property next door, kicked off the region’s residential real estate boom and set a sales record. For the next three years, the market soared, until a mammoth collapse slashed prices by 50 percent or more. On Friday, the tony Lido …
Continue reading “Sales on Sarasota’s Westway Drive measure luxury market | HeraldTribune.com”
With their children through college, Myra McWethy and her husband Kevin decided to sell their three-bedroom Santa Monica, Calif., home in May and move to San Diego. Given the soft housing market, they weren’t sure how buyers would react to their $1.8 million asking price. They found out quickly. Within hours of listing the property, …
One of the retirement planning resources that has gained interest in recent years is the reverse mortgage. For many retirees, it seems like a solid idea. You get access to the equity in your home, and the bank makes a mortgage payment to you. It turns your home into a source of income. It’s a …
Continue reading “5 Reasons to Avoid a Reverse Mortgage – On Retirement”
In the middle of Key West Harbor, there’s a modern-day Gilligan’s Island just a short dinghy ride from Schooner’s Wharf. It’s 21 acres of wild green space with a rusting barbecue grill and an empty beer keg swinging from a tree. And if you thought the fictional island on the 1960s TV show harbored a …
Continue reading “Wisteria Island: A tussle for a wild isle in the Florida Keys”
For the first time since the country’s real estate collapse began about six years ago, Brevard County led the nation for foreclosure filings, according to a November report by the research firm RealtyTrac Inc.More than any other county in the state, Brevard has been pummeled economically, with an estimated 7,000 to 10,000 layoffs related to …
Continue reading “Bank foreclosures florida: bank foreclosures rise in florida”