News about properties and real estate
A wave of home builders debuting on the stock markets this year has slightly reordered the ranks of the largest publicly traded builders in the U.S. Since January, five home builders have conducted initial public offerings of their stock and raised nearly $1.46 billion cumulatively. That’s the most that the industry has reaped in IPOs …
Continue reading “After IPO, Builder Joins ‘Biggest’ Rankings”
The number of $1 million-plus condos for sale in Toronto has reached such “shocking” levels, it would take about 20 months to sell them all given current demand, more than four times what it would take to clear the current inventory of more conventional condos. What’s even more worrisome is those numbers don’t include “shadow …
Continue reading ““Shocking” number of luxury condos for sale on MLS”
Some advocates for expanded homeowners’ rights are heartened by a new law that seeks to rein in some questionable, if not outright bad, practices by developers and homeowners associations. Gov. Rick Scott on June 14 signed a wide-ranging reform bill affecting how HOAs operate, including new provisions covering record keeping, elections, on-site management and homeowners’ …
Continue reading “New Home Owner Association law approved; Sen. Hays fulfills promise”
The real estate listing shows a cozy house on a river in the Rocky Mountains. But there’s a twist: The owner of the two-bedroom bungalow is welcoming payment in an unregulated online virtual currency known as bitcoins. “I really wanted to get my hands on some bitcoins and they happen to be quite hard to …
Continue reading “Alberta man selling his $400,000 house for virtual money, rather than cash”
Orlando area’s residential real estate recovery has outperformed that of other areas within Florida for single-family sales but the area’s condo market has lagged behind. Metropolitan Orlando’s residential real estate recovery has outperformed that of other areas within Florida for single-family sales but the area’s condo market has lagged behind. The four-county metro area’s single-family …
Continue reading “Florida home prices: Orlando prices exceed Florida home prices”
Spiraling maintenance fees at co-ops are becoming a major headache for some owners — driving some of them to cheaper pastures. Annual maintenance fees per room on the East Side rose from an average of $3,457 to $5,606 from 2001 to 2011, according to the Council of New York Cooperatives and Condominiums. On the West …
Continue reading “NYC co-op owners priced out by soaring maintenance fees”