News about properties and real estate
New trend for first-time home buyers [Contra Costa] In the hypercompetitive world of Bay Area real estate, a trend has emerged that brightens the prospects for first-time home buyers but tightens the options for the most cash-strapped among us. The trend — developers converting rented apartments to owner-occupied condominiums — has been gaining speed in …
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Easy-to-get loans cause thousands to lose homes Easy money has led to hard times. The millionaire businessman living in a $5 million Palm Beach Gardens home; a couple’s county-subsidized 3-bedroom, 2-bath slice of suburbia; a Fort Pierce widow struggling to keep her hurricane-damaged house: pre-foreclosure notices have landed on all their doorsteps. More than $106 …
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Homeowners despair as insurers refuse to pay Debate over coverage stalls efforts to rebuild and may land in court Angry messages spray-painted on jagged pieces of scrap plywood line Beach Boulevard, where families lived and vacationed for generations before Hurricane Katrina.
Owners seek loan to avoid ‘fire sale’ of condo Frustrated and angry homeowners of the hurricane-ravaged 1515 Tower condominium are scrambling this week to get a construction loan so they aren’t forced to sell the West Palm Beach high-rise at a fire-sale price. Rather than just take the money two suitors are offering for the …
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Prospering In The Housing Bust Gillette Edmunds has made good money in real estate–by knowing when to sell. Edmunds owned six investment properties: single-family homes in southeast Denver he’d purchased for around $70,000 apiece. He was leasing out the houses for an average of $700 a month, amply covering mortgage payments, property taxes and maintenance …
Housing boom could storm heartland Could the real estate action be shifting to the heartland – the vast swath of middle America that never really was touched by the hyperinflationary housing boom? That’s what a new statistical analysis of housing price cycles in 100 major metropolitan areas suggests could be over the horizon. Its author, …