News about properties and real estate
The Vasquezs are not unique; cash buys are becoming common. The number of homes bought with cash jumped to 32% in January compared to 26% a year earlier, according to the National Association of Realtors. In Southern California, about 30% of the sales in January were cash, according to DataQuick Information Systems. Same thing in …
Continue reading “More people are buying their homes with cash”
My plan for retirement is to spend our entire nest egg over the next several decades and then die promptly at 100. Well, almost the entire nest egg. We’ll still have our house. It’s recently occurred to me that we won’t actually need our house anymore when we’re dead. Many people are fine with this …
The many woes of Florida’s housing market are well-known: hundreds of thousands of foreclosures, millions of underwater mortgages and a four-year trail of depreciating property values. Florida lawmakers, handicapped by a $3.6 billion budget shortfall, will take their best shot at solving some of the most pressing housing problems during this year’s legislative session, which …
Continue reading “Florida legislature to consider new real estate laws”
Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn’t have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco. “We wouldn’t have even considered it,” Greg Kraus, head of acquisitions at the Dallas-based …
Continue reading “Apartment Investors in U.S. Not Scared by Vinyl Siding in Search for Yield”
Dear Poliakoffs: We live in a 47-unit condo in Palm Beach County. One of the owners has not paid for maintenance in 10 months. The association pays the water and cable. Can the association under Florida condo law shut off the unit water and cable for nonpayment of maintenance after notification? – P.P. Dear P.P.: …
Continue reading “Condo Column: Condos can’t cut off utilities, but is cable TV a utilty?”
Things have been pretty bad in the mortgage business for the last three years. So, Phyllis Taylor found her paychecks getting slimmer. Taylor, who works for a mortgage firm, could no longer afford her mortgage. She thought she might have to sell her house in Chesterfield and move to something cheaper. Instead, she took out …
Continue reading “Reverse mortgages offer benefits, pitfalls”