News about properties and real estate
Some condo builders remain bullish [South Florida] Insiders think the middle market, around $400,000, still has life left in it. “The real estate market has its ups and downs, but we have a positive outlook,” said Brad West of Far West Properties, part of a group unveiling plans for Villas on Grove, 16 townhomes in …
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The High Cost of Too Good to Be True As the red-hot California real estate market sizzled in recent years, National Consumer Mortgage looked like just another residential mortgage company successfully riding the boom. It had lush offices in downtown Orange; the former baseball great Steve Garvey promoted its products in radio spots; and its …
Wal-Mart construction sends land prices soaring Since construction of a Wal-Mart Supercenter began across the street, Debbie Leahy has been bombarded with offers to buy her home. For-sale signs dot her neighbors’ lots and line the rural highway. And she can’t go into town without being asked, “Have you sold yet?” or told the latest …
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Wealth gap swallows up American dream [South Florida] In the luxurious neighborhood of Port Royal, home to the likes of mystery writer Janet Evanovich and mutual fund magnate John Donahue, homeowners are insulated from many of life’s daily cares — including the real estate slump. This year, 15 estates in the country club community have …
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Crime fighters fall prey to pitch [Central Florida] Crime fighters fall prey to pitch As many as a dozen Orange County sheriff’s employees, including a top administrator, believed so strongly in an investment venture that they never questioned it or its executives. Despite years of law-enforcement experience and exposure to scam alerts and fraud investigations, …
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Home builders up ante to lure buyers Incentives, discounts are pervasive as market slows and inventories climb Large home builders are dangling out more incentives to reluctant buyers as the roof caves in on the U.S. housing market. To entice customers, companies are serving up deals that include a free pool, a fancy kitchen or …