Investors propel real estate boom Florida’s favorite pastime? Not football, golf or fishing. It’s real estate, and everyone’s doing it. When Manatee Community College offers a class called “Flipping Houses” — and it is — you can bet everyone is in the tank.
Category Archives: General
N.Y. Rent Laws Enabling Out-of-Town Luxury
N.Y. Rent Laws Enabling Out-of-Town Luxury Thousands of New Yorkers, taking advantage of rent-stabilization laws designed to keep middle-class New Yorkers in the city, are using the money they are saving on rent to buy weekend or vacation homes outside New York in places such as Florida, Connecticut, and even Switzerland.
Housing Price Appreciation Cooling Slightly
Housing Price Appreciation Cooling Slightly The housing price appreciation boom isn’t dead, it’s shifting to new real estate markets. Arizona and Florida are on fire, but San Diego and Boston — once the hottest markets in the country — are now distinctly moving into a cooling phase. The third quarter appreciation report issued by the …
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Second-home sales surge in U.S., abroad in 2005
Second-home sales surge in U.S., abroad in 2005 It came as a big surprise to the real estate industry last year that second homes were accounting for more than one-third of annual sales. Newly accurate or not, the percentages don’t tell the whole story: Though baby boomers make up a large part of the second-home …
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Vacant tower going condo
Vacant tower going condo The downtown Fort Lauderdale office building that was once home to Blockbuster Inc. and ANC Rental Corp. is going condo. The 11-story building and an adjacent restaurant, located at 200 S. Andrews Ave. and known as Museum Plaza, is under contract to be sold to North Miami Beach-based NRI Plaza LLC, …
Bay area home prices defy trend
Business: Bay area home prices defy trend Statewide and nationwide, the housing boom shows signs of winding down. But in the Tampa Bay area, prices keep climbing. The median resale price among single-family houses rose 4.9 percent locally to $225,700 last month, up from $215,200 in September. By comparison, the median – or midpoint – …