News about properties and real estate
While all-cash purchases are accounting for a smaller share of U.S. homebuying than they used to, they’re still high: about 36% in the latest-recorded month, November. A year earlier, the total was 39%.House hunters face the most cash competition in Detroit and South Florida, says an analysis by real estate data firm CoreLogic. The analysis …
Continue reading “Real Estate Rivals: Where In The U.S. Are Most Homes Cash Buys?”
The latest weapon in the luxury high-rise arms race: a private pool in every unit on every floor.At ONE KL, a 35-story luxury building in Kuala Lumpur completed in 2009, the building’s tagline boasts, “94 Apartments, 95 Swimming Pools.” In the Bahamas, each of the 34 units at Honeycomb, a condominium with a hexagonal-patterned facade …
Condominium developers in downtown Chicago have thought small since the bust, but the builders behind the planned 88-story riverside tower designed by Jeanne Gang are thinking big—really big. With 390 condos, the $900 million high-rise in the Lakeshore East development would be the largest downtown for-sale residential project in seven years. The building would also …
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A Phoenix woman’s home purchase nearly was derailed after Wells Fargo froze her checking account and stopped her down payment from being delivered to an escrow account. The reason for Wells Fargo’s actions last month? U.S. trade sanctions with Iran. Neda Tavassoli, born and raised in the United States, is among dozens of Iranian-Americans whose …
Continue reading “How Iran sanctions nearly sank Phoenix woman’s condo deal”
Palm Beacher Robert W. Paltrow, who is awaiting sentencing for filing false tax returns, has sold his 1928 seaside house on North Ocean Boulevard for more than $7 million.The house, at 1250 N. Ocean Blvd., sold for a recorded $7.27 million, records show. Marsha Cross Beeson, of Houston and Palm Beach, bought the six-bedroom, three-story …
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The buyer who purchased Dwight Howard’s estate in Seminole County last month wasn’t the Orlando market’s only luxury seeker to come with cash in hand. The NBA star had three cash offers on his lakefront mansion, which sold last month for $3.4 million — $1.5 million less than the asking price. Of the 20 Metro …
Continue reading “Most Orlando luxury home transactions are cash sales”