News about properties and real estate
You can hardly lose with California housing Yes, there have been small declines in some relatively overbuilt parts of this state. But in places where homes have not been overbuilt, or where in-migration continues at a fast pace, prices are still rising slightly or just staying flat. It happens every year about the same time …
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Many Investors Feel Like Running Away From Homes Buying real estate seemed a no-brainer five years ago. Cheap loans were easy to get. Home prices were soaring. Stocks were dead money. How things have changed. For-sale signs are sitting ignored in some cities. Interest rates on exotic loans are doubling. Insurance premiums and property taxes …
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Seniors can get caught in a tax trap After Kimrey Newlin retired two years ago, he and his wife moved closer to their grandkids, leaving the $1.2 million Key Biscayne house they had lived in for 27 years for a $545,000 home in the Falls. Now they’re 10 blocks from the kids, and a hand-painted …
Harris Rosen: Orlando’s Hotel Magnate The year was 1974. The Middle East oil embargo hiked up the price of oil to (gasp) $12 per barrel. The price of one gallon of gas for U.S. drivers was (gasp again) 57 cents, which curtailed many Americans’ summer travel plans, so much so, that many of the hotels …
On many mortgages, reckoning day coming [Southern California] Hindsight, they say, is 20-20. And with the benefit of two years of hindsight, it’s clear that June 2005 was the height of the wacky season for the San Diego County housing market – which has potentially fearsome implications for home prices this summer. By June 2005, …
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For many, Wilma created an endless storm of bills [South Florida] Since Hurricane Wilma blew through in 2005, thousands of South Florida condominium owners have been caught in what seems like an endless financial whirlwind. Juan Awais, 68, whose sole income is $484 a month from Social Security, has paid $2,200 in special assessments toward …
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