Post-Katrina real estate booming The 2,200-square-foot house promises three spacious bedrooms and two-and-a-half baths — a bargain at $175,000. Except for the fact that the home, located in one of this city’s previously elegant neighborhoods, has been gutted to the studs and has no drywall, no wallboard, no fixtures. “Home was flooded by Katrina,” reads …
Category Archives: Breaking News
Retirement community’s new owner says no to condos [South Florida]
Retirement community’s new owner says no to condos [South Florida] Everything’s going condo, it seems, so residents of The Carlisle Palm Beach figured their luxury retirement community was next. Owner HealthTrust America was said to be turning the Carlisle into condominiums, but that was before HealthTrust sold the 310-unit complex near The Ritz Carlton to …
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City’s auction goes online [North Florida]
City’s auction goes online [North Florida] For years, those who wanted delinquent tax certificates waited for the week in May in which they could invade the county courthouse and bid Wall Street-style for those certificates pertaining to properties all over Duval County. The process was the 4-5 day auction in which delinquent tax deeds were …
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Investors: Smart money’s on Midwest [Kansas]
Investors: Smart money’s on Midwest Real estate has risen on the coasts but been slow here. Rents have grown slowly everywhere. Where would you rather be a landlord? The California real estate boom, the IRS and the Internet are combining to raise commercial property prices in Wichita. Investors in California, Florida and other hot real-estate …
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Who Needs a Flood Policy?
Who Needs a Flood Policy? Flood insurance sounds like something only beach dwellers need to worry about, think again. Flooding ranks as the most common natural disaster in the U.S., occurring in all 50 states, and is surprisingly widespread. For instance, Pennsylvania, which has no oceanfront, had more flood-insurance claims in 2004 than any state …
Reconversion: Apartments for rent [South Florida]
Reconversion: Apartments for rent For anyone not convinced that the housing market has lost some pep, now there’s this: A growing number of the “condo conversions” that eroded South Florida’s supply of rental housing during the past two years are reopening their doors to renters.