News about properties and real estate
Test ahead for downtown condo market [South Florida] The number of closings at downtown Miami condos has gone better than many expected, according to a new survey. But more condos will be entering the saturated market soon. Miami’s latest building boom is creating 22,000 condominium units in the city’s urban center, more than double the …
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Sky-High Loses Altitude In Gerhard Andlinger’s recently listed apartment at the Time Warner Center, high above Columbus Circle, one can sit on the Louis XVI daybed and look past the Chinese screens and the Louise Nevelson sculpture at a 14-foot-high wall of windows with priceless views of the city and its sagging real estate market. …
Scheme gives distressed properties to squatters Law enforcement investigators in San Diego and Riverside counties have uncovered a brazen real estate scheme in which individuals are claiming ownership of distressed homes by filing official-looking grant deeds with county recorder offices. The perpetrators then move people into the vacant homes, in some cases, by hiring a …
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Foreclosed houses boost existing-home sales in Orlando area [Central Florida] Darhlene Zeanwick is in the thick of the region’s record blizzard of home foreclosures, brokering sales for banks and helping prospective buyers look for bargains. “About 38 percent of all homes on the market for sale in Poinciana are in some state of foreclosure, such …
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Meet the competition Shielded from the equatorial sun beneath an umbrella, Jim and Carol Lynch reflect on their unusual decision to move from the small town of Fayetteville, Tenn., to a suburb of this Costa Rican capital. “Look around you, man,” Jim Lynch says. “This place is beautiful.” They are among a small but growing …
Trading Down Is the New Real Estate Reality Half a million dollars is, by almost any standard, a lot of money. But during the past few years, when credit was easy and regulations were loose, to many Americans it didn’t seem like all that much. That’s because they were able to borrow huge amounts of …
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