News about properties and real estate
Housing Pain Gauge: Nearly 1 in 6 Owners ‘Under Water’ The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults — the very misfortune that touched off the credit crisis last year. The …
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As prices plunge, housing experts wonder when recovery begins With the pep talk from real estate agents contradicted by doom-and-gloom reports on the housing industry, nobody seems to really know if or when the market will begin to recover. Consumers who have been sitting on the fence are being advised by sales agents that it’s …
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In slow market, developers offer ‘test drive’ of condos The Carruth, a mix of affordable apartments and market-rate condominiums in Dorchester, opened earlier this year, as the market for condos had turned sharply downward. Sales of the 42 condos in the building languished, with only three sold to date. So, developer Trinity Financial Inc. of …
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South Florida residential market should feel effects of Opera Tower ruling A federal judge’s ruling that threw out dozens of lawsuits claiming a local condo project differed from its advertisement should affect the residential market, experts agree, though they predict varying degrees of impact. A US district judge in Miami this month tossed out 29 …
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Las Olas Riverfront auction on hold after buyer emerges [South Florida] A foreclosure auction for Las Olas Riverfront was put on hold Tuesday, when an interested lender reached a last-minute agreement to take over the troubled retail and restaurant complex. A lender of the Fort Lauderdale retail complex, Madeleine L.L.C., filed an emergency motion late …
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Cape Coral’s real estate collapse attracts bargain hunters [Tampa Bay Area] As the minibus swings into the driveway, Janet Kenyon takes one look at the new three-bedroom, two-bath house and lets out a shriek. “Oh, my God. I hate yellow!” The house is indeed very yellow, but the hour is getting late and Kenyon and …
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