News about properties and real estate
Out-of-town buyers aren’t just snapping up Miami’s prime real estate — they’re also changing the way luxury developers build. As more out-of-towners decide they want to put down roots in South Florida rather than simply buy investment properties for the rental market, they’re asking for bigger, better, more expensive designs. Units equipped with quarters for …
Continue reading “Out-of-town buyers reshape Miami real estate design”
Wall Street firms have found a new way to profit from consumers with blemished credit who can’t qualify for a mortgage: let them rent a home first with the option to buy it later.Rent-to-own programs, once run mainly by small operators, were popular with cash-strapped consumers during the 1990s. They faded a decade later when …
The legend of Kennedy Boulevard being the great dividing line between Cool Tampa and the rest of the city may be fading. The latest evidence? A residential boom appears imminent in North Hyde Park, a neighborhood of former warehouses and light industry just north of Kennedy that has been targeted for several new apartment, town …
Continue reading “Residential development showing North Hyde Park’s good side [Central Florida]”
It is sandwiched between England and France, yet it is not part of the European Union. Its expat community is mostly made up of seniors looking for an old-fashioned way of life. And it expects foreigners to pay at least twice as much as locals for the privilege of living on its 30-or-so square miles. …
Continue reading “Guernsey: Where Home Buyers Find Shelter (From Taxes)”
Soon after Judy Stephens, of Lafayette, La., lost her husband in January, she got hit with more bad news, this time from the mortgage company. She needed to come up with $107,000 — the amount of principal, accrued interest and fees racked up by the reverse mortgage on the home she owned with her husband …
Continue reading “Reverse-mortgage change saves homes for surviving spouses”
Hosam Haggag and Fatima Rahman bought a fixer-upper in a historic neighborhood in Santa Clara, Calif., for $415,000 in 2011. Because of its shabby condition, the house was a rare bargain in Silicon Valley, where Mr. Haggag is a product manager for a large technology company. As part of a 2½-year renovation that cost almost …