News about properties and real estate
Homebuyer tax credit causing headaches and trouble The federal homebuyer tax credit did its job to boost the real estate market, but many involved – from buyers to the IRS – have run into problems with confusing wording and stipulations. The result: Hundreds of thousands who’ve already filed for the credit will have to give …
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Study: Nearly a quarter of all U.S. foreign buyers choose Florida International buyers have helped buttress Florida’s real estate market with 22 percent of all foreign clients nationally choosing property in the Sunshine State. That makes Florida tops for attracting foreign interest, according to a summer report by the National Association of Realtors. California came …
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Co-Op Maintenance Fees Are Rising. The average co-op maintenance fee in New York City climbed 19% from 2009 to 2010 to $1.76 per square foot per month, according to Miller Samuel, a Manhattan-based appraisal company that tracks maintenance costs. The main driver behind the fee increases has been a jump in property taxes brought on …
Israelis, Venezuelans buy condos as homes, investments. Many of the international buyers scooping up condos in South Florida’s top bayfront communities are buying to occupy part-time, brokers say, but many would consider a future sale at a profit. Where these buyers decide to purchase depends in part to the condominium’s location, as some are more …
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Frisco soldier who lost house to foreclosure over homeowners dues gets it back The Frisco soldier and his family who lost their home to foreclosure while he was serving in Iraq will get the house back. Army National Guard Capt. Michael Clauer and his wife, May, lost their $315,000 southwest Frisco home in May 2008 …
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Closed Seville Beach Hotel to get new boutique brand The shuttered Seville Beach Hotel in Miami Beach will come back as a partnership between hip hotelier Ian Schrager and Marriott. The Miami Beach location, at 2901 Collins Ave., becomes just the second announced U.S. location under the boutique Edition brand. The first is scheduled to …
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