News about properties and real estate
Investors Compare Manhattan Buildings With T-Bills The tightening of underwriting standards and of the availability of capital seems not to have affected sales of residential apartment buildings across the five boroughs, as some had feared. The Katz family is the owner of two prize residential apartment houses on Park Avenue, including the 20-story, 116-unit rental …
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Bonfire Of The Builders By rushing into the mortgage business big-time, homebuilders helped fuel the housing crisis Elizabeth and Armando Motto are living a real estate nightmare with a new breed of monster: the big homebuilder as lender. In November, 2005, the couple, who have four children, agreed to pay $540,000 for a newly built …
Anxious home builders pile on incentives With the housing market looking increasingly frail, home builders and real-estate agents are going to new extremes to attract buyers, dangling lavish incentives and slashing prices. In Boca Raton, Fla., Gordon Homes is offering to pay two years of property taxes and insurance – worth as much as $150,000 …
Is this your last chance to get rich in real estate? Several months ago Silvia Cuevas took stock of her life, and it was a profoundly unsettling experience. At 40 she had a solid job with a modest salary at the public library in Santa Ana, Calif. She’d carefully squirreled away some savings and bought …
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Owners struggle to sell condos as boards impose tough standards [South Florida] Jane Consiglio has been trying for a year to sell her one-bedroom apartment in section 4 of High Point of Delray Beach. She finally got an offer from a disabled Vietnam War veteran and his wife, but her condo board turned them down. …
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Walkaways increase at WCI condos [South Florida] Builder WCI Communities said more buyers are walking away from its condos, though the company said it is ready to withstand what it called a `protracted downturn.’ WCI Communities said 17 percent of its condominium buyers have walked away rather than close on new units this year, the …
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