Housing Price Appreciation Cooling Slightly The housing price appreciation boom isn’t dead, it’s shifting to new real estate markets. Arizona and Florida are on fire, but San Diego and Boston — once the hottest markets in the country — are now distinctly moving into a cooling phase. The third quarter appreciation report issued by the […]
Second-home sales surge in U.S., abroad in 2005 It came as a big surprise to the real estate industry last year that second homes were accounting for more than one-third of annual sales. Newly accurate or not, the percentages don’t tell the whole story: Though baby boomers make up a large part of the second-home […]
Rents in Palm Beach County climb hundreds a month due to rising insurance, property taxes: South Florida Sun-Sentinel Landlords in South Florida say skyrocketing taxes and insurance costs are forcing them to sell their units or raise rents — in some cases by several hundred dollars a month. Rental property doesn’t qualify for Florida’s Save […]
Philadelphia Growing Up with a Slew of High-Rise Projects Until the 1987 opening of Murphy/Jahn’s 945-foot One Liberty Place, Philadelphians passionately defended an unwritten agreement limiting city building heights to below the hat topping the statue of William Penn atop City Hall. By 1991, four years after One Liberty Place opened, seven other office towers […]
Investor bullish about economy, but fears storms Real estate investor and serial entrepreneur Mark Famiglio owns almost 500,000 square feet of commercial office, warehouse and retail space in Manatee County. He is also a co-owner of the one of the fastest growing technology companies in Southwest Florida — CopyTalk, which turns phone messages into e-mails.