News about properties and real estate
Savvy S. Floridians cash in by renting homes to game fans More than 100,000 visitors are about to descend on South Florida for the country’s largest sports event. What’s a homeowner to do? Hundreds of them are seizing the money-making moment and offering their homes to Super Bowl fans. Asking from $150 a day to …
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No slump in S. Florida apartment market The South Florida condominium market might be languishing, but according to at least one brokerage the apartment market remains robust, with low vacancies, rising rents and strong demand from both tenants and investors. Every year, Marcus & Millichap Real Estate Investment Brokerage Co. publishes the National Apartment Index, …
Foreclosures put added burden on association-run communities [South Florida] If you think you’re paying more to live in your condo, townhouse or gated community, consider this: It may get worse before it gets better. Experts fear that with homes selling slowly, owners who can no longer afford payments may soon abandon them. If that happens, …
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Buyer Beware These High-Yield Stocks If you look at the historical returns for mortgage REITs over the past several years–17.5% five-year compound annual total return for the FTSE NAREIT Mortgage REIT Index as of Nov. 30, 2006–you’d think that these investments can’t miss. However, at Morningstar, we believe mortgage REITs bear significant risk, and we’d …
Tips on how to keep afloat in an unstable housing market About three years ago, northern Nevada experienced a boom in the housing market which managed to stabilize about six months ago, leaving some homeowners in a difficult financial situation. Loan Officer Sonny Lopez of Mortgage America in Reno noticed an increase in the amount …
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Developer shelves luxury condo project [South Florida] Developer decides now is not the time for its luxury condo project. Faced with continued sluggishness in the high-end condominium market and little reason for short-term optimism, the owner of the land at U.S. 41 and Gulf Stream Avenue downtown has shelved plans for a 17-story luxury residential …
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