News about properties and real estate
For the first time in at least seven years, the foreclosure rate has dipped below 2 percent in the Sarasota-Manatee region. The rate of foreclosures among outstanding mortgages in the two counties fell to 1.91 percent in October, down sharply from its peak of 12.23 percent in June 2011, according to data provider CoreLogic. While …
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The rising costs of living and housing, coupled with sluggish wage growth across Miami, are making home ownership unattainable for most low-and middle-income residents in Little Haiti, a recent housing analysis found. In its December report, the Haitian American Community Development Coalition, or HACDC, found that when compared to the rest of the city, Little …
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Thousands of Michigan homeowners are still eligible to refinance under HARP in 2016. Wayne County, for example, had nearly 9,100 eligible homeowners as of June 2015. What would stop someone from making a move and filling out forms to save an extra $100 or $200 a month on a mortgage payment? Especially if that person lived in …
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As you schlep your ski gear to your favorite resort for the umpteenth time or search for lodging near your favorite beach on a holiday weekend, you may think how much easier life would be if you had your own vacation home. An estimated 1.13 million vacation homes were sold in the U.S. last year, …
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f you have outgrown your current residence or want to move for other reasons, you have a few choices to make, such as selling or renting out your home. If market conditions are favorable, you could sell the property, cashing in your equity and making a profit. If getting your equity out of the property …
Continue reading “Tax Implications for Converting a Primary Residence to Rental Property”
Out-of-town buyers aren’t just snapping up Miami’s prime real estate — they’re also changing the way luxury developers build. As more out-of-towners decide they want to put down roots in South Florida rather than simply buy investment properties for the rental market, they’re asking for bigger, better, more expensive designs. Units equipped with quarters for …
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