News about properties and real estate
Buying before selling backfires for this couple [Southern California] When Laurian Rhodes and her husband, Sluggo, bought their first house 2 1/2 years ago, they did everything right, according to real estate protocol. Veteran punk rockers, Laurian, 36, and Sluggo, 47, aren’t what would be characterized as the new San Francisco buyers — upscale professionals …
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Deals, Deals, Deals (and a Great Year for REITs) Wall Street has managed to post some pretty impressive gains in 2006. But again, the market for real estate investment trusts has beaten most stocks, as large investors pumped reams of capital into companies with large holdings of commercial property and, in some cases, gobbled up …
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Home sale victims tell of bounced checks from Harrison lawyer [New York] Lizette Santiago worked two jobs for a dozen years to pay the mortgage on her Queens home. The 41-year-old single mom used her earnings as a bookkeeper and waitress to build up equity in her Woodhaven home. She put her house on the …
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S.A.’s hot home market cools [Central Texas] The party isn’t exactly over for San Antonio real estate, but the champagne has stopped flowing. Home builders, feeding off of the anxiety of the national real estate meltdown coupled with the typical seasonal slowdown, have started offering deals and incentives not available a few months ago.KB Home …
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Turning a profit [Chicago] A developer who bought about eight acres from Homer Township in 2003 flipped the property 3– months later, netting a roughly $1.3 million profit on his $91,000 investment. Developer Robert Parsons also is a partner, according to a company employee, in Solarcrete. That firm was given a $2.5 million contract to …
What Statistics on Home Sales Aren’t Saying [South Florida] Down in Naples, Fla., a fast-growing city on the Gulf of Mexico, there was an auction of houses about a month ago. An auction isn’t the usual way to sell a home, but it can make sense for people who don’t want to leave their houses …
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