News about properties and real estate
After experiencing one of the worst housing market crises, Miami is making a strong comeback — above other major cities in the US — fueled by international investors buying local real estate with cash. The coastal and desert regions in the US, including South Florida, are seeing significant sales activity compared to the rest of …
Continue reading “Miami residential sales recovery rockets past rest of nation”
During the boom years, as big housing developments mushroomed throughout the country, developers worked with local governments to raise billions of dollars for roads, sewers and sidewalks through a municipal-debt security known as “dirt bonds.” Now, as those bonds get tested by the worst housing downturn since the Great Depression, dirt-bond investors are getting a …
After his wife died, retired plumber Leonard Selinsky tried to simplify his life by moving into Sunset Village, a mobile home park in Glenview with tidy homes and friendly neighbors.His new home is no trailer – it’s a two-story Cape Cod with three bedrooms and an attic. “I love my house," he said. "This is …
Continue reading “Residents of foreclosed mobile home park fight to control their future”
Holly says she is done with work. She wants to retire and sell her $400,000 home, which is mortgage-free. Jeff, her husband, still has a lot of years before he wants to retire from his IT job. But here’s the real catch to their situation: They’re both in their late 30s, and Holly says she …
A single mother who was instrumental in reversing North Port’s harsh code-enforcement policies could now lose her home to foreclosure. Last year, North Port tried to collect $27,000 in fines from Diane Pearson because a car in her driveway did not have a license plate. Pearson’s court battle became a rallying cry in North Port …
Less than 18 months after acquiring the former Century Plaza high-rise condo tower in central Phoenix, the owners of One Lexington condominiums said they have sold out 85 percent of the project, an average of about one unit every three days. Developers Rob Macdonald and Robert Hubbard, of British Columbia-based Macdonald Development Corp., said it’s …