News about properties and real estate
Home prices are finally starting to rise, but not so much or so quickly that the great deals are disappearing. In fact, right now many investors have moved back into the market buying up properties that they will either rehabilitate and resell or rent out for cash flow. With interest rates still incredibly low, it’s …
Continue reading “Real Estate Investing With Cash? Why You Should Reconsider”
The number of $1 million-plus condos for sale in Toronto has reached such “shocking” levels, it would take about 20 months to sell them all given current demand, more than four times what it would take to clear the current inventory of more conventional condos. What’s even more worrisome is those numbers don’t include “shadow …
Continue reading ““Shocking” number of luxury condos for sale on MLS”
Q: I own a condominium unit, but recently moved to a house and decided to rent the condo. The association is now saying it wants me to pay an extra $100 a month in maintenance fees and it’s taking away the great parking spot I had for years and giving me one in the back. …
Continue reading “Ask a real estate pro: Board wants condo owner to pay more”
A large part of the Sarasota housing market occupies the extremes. At one end, a third of homes in the Sarasota market are in negative equity (underwater) and the median sales price of a home is $176,360, more than 40 percent lower than it was during the boom, eight years ago. At the other end …
One real estate developer hired a drone; another displayed life-size sculptures of polar bears. A third charged potential buyers $100,000 just to take a peek at the floor plans. The common goal: selling something that doesn’t exist. Spurred by tight inventory and plenty of interest from foreign buyers, real-estate developers in cities such as New …
As home prices in the region climb and inventory dries up, the nation’s largest mortgage lenders are gambling on the future of the housing recovery, a Herald-Tribune analysis shows. Banking giants from Wells Fargo to Fannie Mae are routinely paying top dollar on the auction steps to hold onto their own distressed properties, outbidding cash …