News about properties and real estate
East Sarasota parcel sells for $132,500 per acre In a rare handshake deal, Indiana investor J.Z. Morris sold 20 acres east of Interstate 75 for $2.65 million. That comes to $132,500 per acre, a record price for residential land in that part of Sarasota County. “It went on the market in April 2004,” said David …
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Save or pay off mortgage? It depends Low mortgage rates over the past few years fueled a wave of refinancing. Some of us borrowed against our home’s equity or extended the payoff periods to lower our payments. If debt makes you anxious, you may be wondering: Should I pay off my mortgage — or not? …
New Medicaid Rules on Home Ownership – New York Times The Deficit Reduction Act of 2005, signed by President Bush last Wednesday, makes significant changes in the rules regarding home ownership and its effect on eligibility for Medicaid, which is often used to pay for nursing-home care. Ronald Fatoullah, a lawyer in Great Neck, on …
Red-hot Keys housing market feeling a chill Some Keys residents who figured a year ago they were real estate millionaires are now scrambling to unload properties damaged by Wilma’s flooding. This time last year, real estate agents along this island chain couldn’t keep most properties in stock, as eager buyers snapped up trailer lots, pushed …
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As Baby Boomers hit 60, the retirement home undergoes big changes As Baby Boomers start hitting 60, the retirement home isn’t what it used to be. Neither is the family home. Two show houses built for the International Builders’ Show, which drew about 100,000 people in the home-building industry here recently, illustrate the changing shape …
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For some investors, real estate may have lost its rosy glow Will investors continue to purchase residential real estate at a record pace, or will they return to the stock market, where analysts believe moderate gains are on the horizon? If there is a wild card in the nation’s housing this year, it’s the investor …
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