News about properties and real estate
There might finally be some good news this year about the nation’s dismal housing market. Or, at least, the bad news could stop. Either way, it will be welcome relief for current homeowners as well as for potential real-estate investors. Reasons to be optimistic have been sadly lacking since the housing bubble burst in 2006. …
Continue reading “Why 2011 May Be the End of the Housing Crash – WSJ.com”
She has a sales job with a six-figure salary. He owns a successful tech company. And they are in foreclosure. But unlike countless other Americans faced with losing their homes, this couple could make the $5,200 monthly mortgage on the waterfront property in Pompano Beach that they bought for $585,000 in 2004. Foreclosure was their …
Continue reading “Some homeowners, who can afford the mortgage, still default as a strategy”
Harold Allen thought he’d live in his single-wide mobile home forever. He added so many flourishes — marble floors, multi-colored driveway, a new deck, an elaborate outdoor waterfall — he’d poured $150,000 into it by the time he was finished. Now Broward County wants to tear it down. Allen and his neighbors at Ocean Waterway …
Q. I have two questions in regards to rental properties. On June 30, 2010, I moved out of my primary residence that I owned and rented it out July 1, 2010. First question is, how do I determine the value of the home to calculate the depreciation? I purchased the property in 2007 for $192,000 …
Continue reading “Figuring tax deductions on rental property”
Is housing headed for a dreaded double-dip? Or are signs finally pointing to a long-awaited rally? Despite the glum statistics recently, well-heeled buyers in many markets should feel comfortable betting on the latter. Home prices nationwide in December were down more than 31% from their 2006 peak, according to the latest Standard & Poor’s/Case-Shiller index, …
Fabiana Pimenta, a real estate agent for Fortune International, is sitting on a white leather sofa in the model apartment at Jade Ocean with the expansive ocean views and the Fendi décor, waiting to begin a tour of the Sunny Isles Beach building. Pimenta, a Brazilian who moved to Florida to attend college, is entitled …
Continue reading “Brazilian buyers put the luxe in real estate”