News about properties and real estate
Miami-Dade property tax appeals flood in from condo associations With the deadline to appeal property taxes a week away, local appeals firms are hard at work, with many more cases coming from condo associations seeking appeals on behalf of unit owners. With condo values dropping steeply, many condo associations are filing class appeals on behalf …
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Condo converter ordered to turn over 15 units to association A South Florida condominium converter who was renting out units but ducking his maintenance fees has been ordered to turn over ownership of 15 units to the condo association, plus rent checks that had been improperly collected. Facing possible jail time for contempt of court, …
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How local housing market went from boom to bust [Central Florida] Those who quickly rise to the top also fall the hardest. Real-estate analysts say that explains, in a nutshell, why the Sarasota-Bradenton market has been among Florida’s hardest-hit in the post-boom housing slump. “The ones that rose the fastest and the highest all are …
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Should You Buy REITs? If you don’t already have a significant chunk of your net worth invested in rental property, it’s time to think about buying stock in real estate companies. But in our first Real Estate Stock Talk, Alexander Goldfarb, a seasoned stock analyst, and Peter Slatin, a veteran journalist and industry observer, suggest …
Downtown Miami enjoys mini-boom over cut-price condos [South Florida] In April, Regan Marock and his fiancée, renters at 500 Brickell, had the run of the sprawling twin-tower luxury complex — the pool, the gym, the spa and other amenities — with relatively few neighbors. But in a few short months, all that has changed. The …
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Rentable housing numbers vex cities [Arizona] With mounting foreclosures, investors are snapping up homes and renting them to tenants at bargain rates. But in the long run, the trend could shake the stability of Valley neighborhoods and hurt cities’ efforts to promote homeownership, community leaders warn. Some cities that have been hit hard by foreclosures …
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