News about properties and real estate
Florida lawmakers want to help renters with cuts in property taxes The more than 850,000 residents of Broward and Palm Beach counties who rent their homes would benefit by changes key lawmakers say they are now willing to make to the tax cut plans taking shape in the Legislature. Until now, many Republican lawmakers had …
Continue reading “Florida lawmakers want to help renters with cuts in property taxes”
Bad houses, busted loans? For Midlands investor, it’s all good When mortgage lenders get stuck owning dilapidated houses in shabby neighborhoods, they often call James Odell Barnes. Barnes works the rock bottom of the housing market, what his lawyer calls the “sub-subprime market.” He and his partners buy foreclosed homes by the dozens, sight unseen, …
Continue reading “Bad houses, busted loans? For Midlands investor, it’s all good”
Casinos continue to push up property prices in Eastern Connecticut As Mohegan Sun at Pocono Downs jump starts property values near the new casino in northeastern Pennsylvania, local casino leaders and real estate officials say real estate here continues to benefit from the gaming industry. Norm Krayem, proprietor of Realty Estates in Groton and president …
Continue reading “Casinos continue to push up property prices in Eastern Connecticut”
Real estate brokers struggle to resurrect churches Faced with a smaller congregation, the Second Church of Christ, Scientist, in Sacramento, Calif., is up for sale. Church members hired a real estate broker in December and priced their two buildings on 15,000 square feet at $1.4 million. Two months later, Leigh Nurre faces one of the …
Continue reading “Real estate brokers struggle to resurrect churches”
First-time homebuyers walk into financial trap Two years ago, Luis Mapula was living in a converted garage with his wife and two daughters, earning $54,000 a year as a fence company construction worker. Then, almost like magic, he became the owner of a $543,000 home with no down payment. Situated on a quiet cul-de-sac off …
Continue reading “First-time homebuyers walk into financial trap”
Executive Suite Today’s Entrepreneur: Miami magnate gives city a makeover If you stand in just the right spot on the Brickell Avenue Bridge, it’s possible to think that every new building in this rapidly evolving city — every single glass-walled pillar of aspiration and ambition — belongs to one man: Jorge Perez. Of course, that’s …