Are REITs beginning to run out of gas? At a time when everyone seems to be debating the downshifting in residential real estate, some other real estate vehicles have been careening down Wall Street like a bunch of Lamborghinis in overdrive. They’re called real estate investment trusts, or REITs (rhymes with “treats”), and they offer …
Category Archives: Breaking News
Wealth gap swallows up American dream [South Florida]
Wealth gap swallows up American dream [South Florida] In the luxurious neighborhood of Port Royal, home to the likes of mystery writer Janet Evanovich and mutual fund magnate John Donahue, homeowners are insulated from many of life’s daily cares — including the real estate slump. This year, 15 estates in the country club community have …
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Proposal tees off some in Errol [Central Florida]
Proposal tees off some in Errol [Central Florida] It’s a subdivision divided. Amid the undulating green hills and century-old oaks of Errol Estate, residents are lining up on either side of the tee about how best to get the golf-course community on firm financial footing. It is longtime residents versus new, and club members versus …
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Home builders up ante to lure buyers
Home builders up ante to lure buyers Incentives, discounts are pervasive as market slows and inventories climb Large home builders are dangling out more incentives to reluctant buyers as the roof caves in on the U.S. housing market. To entice customers, companies are serving up deals that include a free pool, a fancy kitchen or …
Bankruptcies likely to spike, experts warn
Bankruptcies likely to spike, experts warn Adjustable-rate-mortgage payments are rising, forcing unpleasant options. In the year since a tougher federal bankruptcy law took effect, personal-bankruptcy cases have plummeted, and consumers must clear more hurdles than ever to get a financial fresh start through the courts. That’s a stark contrast to previous years, when personal bankruptcies …
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Say ‘hello’ to sane housing market
Say ‘hello’ to sane housing market If you’ve gotten the idea that the sky is falling on the real estate market, 2006 is actually one of the best years on record for home sales. The average price of both new and existing homes combined rose a healthy 8.2 percent during the second quarter of this …