News about properties and real estate
Highly ranked school districts may have been spared the worst of the foreclosure crisis, according to a new analysis, showing that the housing crash was akin to a tornado that tore through wide swaths, but hit with particular force in certain areas. The analysis, conducted for Developments by Location Inc., a Worcester, Mass.-based company that …
Continue reading “One Antidote to Foreclosures: Good Schools – Developments – WSJ”
New Yorkers, Washingtonians and Atlantans are logging more and more internet searches for South Florida real estate, a sign that the region’s troubled housing market could receive even more outside investment in the future. In the wake of a severe housing bust, Florida has become one of the most popular locales for Americans seeking low-priced …
Continue reading “South Florida attracts domestic home buyers, too”
When a 62-year-old financial advisor bought a two-bedroom Manhattan co-op recently, he showed up at the closing with a check for the full $970,000 purchase price. No mortgage? “The money I had in cash was sitting getting 0% interest,’’ explains the man, who asked not to be named. “It made absolutely no sense to borrow.”There …
Continue reading “The Benefits Of Buying A Home With Cash – Forbes”
The Jessie Ball duPont Fund announced it will invest $2 million in efforts to develop and preserve affordable rental housing for low-income individuals and families in Duval County. The investment, which will be made through loans to developers, is intended to increase the inventory of affordable rental housing and also to increase the ability of …
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner’s associations or any other residential real estate topic, click here. Q: I am trying to complete a short sale. My lender requested a hardship letter, but I don’t know …
Continue reading “Ask a real estate pro: How to write a short sale hardship letter”
By choice or by force, more and more people in South Florida’s foreclosure-ridden housing market are renting, rather than owning, their homes. In an ironic twist on economics, that dynamic is actually helping the resale market. According to sales reports released Thursday, South Florida is on track to set a new sales record this year. …