REITs That Still Sport High Yields The average yield for property-owning real estate investment trusts has fallen below 4%. But one category — medical REITs — stands out. It used to be that when REIT yields dipped below 6%, it meant that the stocks were overvalued and it might be wise to stay away or …
Category Archives: Breaking News
Area rents surge in the wake of rising property values
Area rents surge in the wake of rising property values Denise Johnson, who just a year ago thought she had found her dream apartment, now faces losing it as her rent rises along with her landlord’s property tax bills. “I honestly don’t know where I will go,” said Johnson, a former registered nurse and paralegal …
Continue reading “Area rents surge in the wake of rising property values”
Lawsuit charges that Fort Lauderdale developer sold undersized condos
Lawsuit charges that Fort Lauderdale developer sold undersized condos [South Florida] A Fort Lauderdale real estate agent is suing the developers of the Las Olas River House luxury condominium, saying they cheated her out of living space. Rebecca Riley said she bought a 2,600-square-foot condo last year from Tarragon Corp. and Omni Development Corp. But …
Continue reading “Lawsuit charges that Fort Lauderdale developer sold undersized condos”
Soft market teaches flippers an ever-so-humble lesson
Soft market teaches flippers an ever-so-humble lesson Investing in real estate looked so sexy. Like the tech-stock bubble that turned college kids and housewives into day traders, the real estate boom turned insurance brokers, doctors and bicycle mechanics into real estate flippers, who would buy and then quickly sell homes for easy profits. Now those …
Continue reading “Soft market teaches flippers an ever-so-humble lesson”
Citizens deficit to cost all homeowners [Florida]
Citizens deficit to cost all homeowners [Florida] All Floridians with homeowner insurance policies will have a one-time charge tacked on their annual premiums to help cover Citizens Property Insurance Corp.’s $1.7 billion deficit from 2005, officials with the state-backed insurer decided Thursday. And Citizens’ board will meet next month to consider another extra charge for …
Continue reading “Citizens deficit to cost all homeowners [Florida]”
Taxpayers strain to swallow hikes [South Florida]
Taxpayers strain to swallow hikes [South Florida] When Patrick Moriarity opened his tax bill this year and saw a 35 percent increase in the amount of money he owed on his two commercial rental properties in Venice, he was more than outraged. He was disgusted. Moriarity and new homeowners, owners of second homes and owners …
Continue reading “Taxpayers strain to swallow hikes [South Florida]”