News about properties and real estate
Rebuilt Grand Cayman Boasts Hot Real Estate Market Looking for a new real estate opportunity? While most markets are crumbling, the island of Grand Cayman is enjoying quite a boom. The combination of a thriving financial services industry and buoyant tourism led prices 10% higher last year, according to Kim Lund, owner of ReMax Cayman …
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Anatomy of a failure Tony Antoine signed the papers with relief, a month-long process finally finished. He, his wife and two young children looked forward to moving into a $400,000 Palm Beach home. The Florida home seller was even more relieved. His home was finally purchased after nearly six months on the market. The next …
Home lenders cut flow of risky loans David Radley, a sound engineer, wants to borrow $180,000 to buy a house he rents in Appleton, Wis., but he can’t afford a down payment and has a low credit score. Finding such a loan was a snap until recently. Now mortgage broker John Waite of Full Resource …
Marino cuts price of his Weston home — to $14.5 million — as no buyers emerge The sluggish housing market plays no favorites. Even South Florida’s favorite former football hero is having trouble selling. Miami Dolphins legend Dan Marino has reduced the price on his Weston home to $14.5 million from $15.9 million, his listing …
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Tax switch could bring relief, pain House leaders want to swap a sales tax hike for eliminating homeowners’ property taxes. Lawmakers in the state House of Representatives are ready to stop charging many Floridians property taxes — by making the state’s sales tax the highest in the nation. House Republican leaders just unveiled a package …
Mayor Trumpets Building Boom, But We’re Still Bursting at the Seams [New York City] Record-breaking levels of home construction still aren’t enough to house the massive influx of residents pro-jected by 2030. Pity popular New York City. Unlike many other American metropolises (Detroit, Philadelphia, even Cleveland), the city’s population keeps growing steadily, so much so …