News about properties and real estate
Renters say they’re forgotten Katrina victims Like thousands of low-income people trying to stay in New Orleans, Russell Frays is worried about how he’s going to pay the rent. “We’re trying to figure it out, but we’ll have to make some adjustments,” he said. Congress has approved billions of dollars to help Louisiana homeowners who …
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Sellers’ new math As houses stay on the market longer, nervous owners have begun dropping their prices. For four long months, there has been a “For Sale” sign in front of David and Jody Saltzman’s Malibu home. Located in Sea View Estates, on a cul-de-sac in a kid-friendly neighborhood with excellent public schools, the 3,100-square-foot …
‘STICKER SHOCK’ Florida homeowners face soaring insurance costs, with no sign of relief in the forecast. When Derek and Alexandra Donovan fled frigid Buffalo, N.Y., last year, they looked forward to what they thought would be a cheaper cost of living in Manatee County. While the two master hairstylists were happy with the price of …
A place to call my own Besides college graduation, their first “real” job and their first new car, we can add another common milestone to the list for young single adults: buying a home. More adults under 30 are entering the real-estate market, and many are doing it at ages uncommon a decade ago. And …
New trend for first-time home buyers [Contra Costa] In the hypercompetitive world of Bay Area real estate, a trend has emerged that brightens the prospects for first-time home buyers but tightens the options for the most cash-strapped among us. The trend — developers converting rented apartments to owner-occupied condominiums — has been gaining speed in …
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Easy-to-get loans cause thousands to lose homes Easy money has led to hard times. The millionaire businessman living in a $5 million Palm Beach Gardens home; a couple’s county-subsidized 3-bedroom, 2-bath slice of suburbia; a Fort Pierce widow struggling to keep her hurricane-damaged house: pre-foreclosure notices have landed on all their doorsteps. More than $106 …
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