News about properties and real estate
Real estate bust hits home for area builders, buyers [South Florida] Leonard Sondheimer knows firsthand the perils of the real estate boom. The 68-year-old — retired until he and his wife sought to diversify their investments into the Southwest Florida real estate rush — now finds himself working full time again as a mattress salesman …
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More South Florida investors are upgrading existing buildings The 951 Yamato building in Boca Raton used to be spillover office space for IBM. It was big and gray and drab — “a battleship,” one real estate broker said. After the computer giant closed its sprawling Boca headquarters and slashed its local work force in the …
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REITs That Still Sport High Yields The average yield for property-owning real estate investment trusts has fallen below 4%. But one category — medical REITs — stands out. It used to be that when REIT yields dipped below 6%, it meant that the stocks were overvalued and it might be wise to stay away or …
Buy Low(er) – How to Navigate the New Real-Estate Market Carol Candiano walked into the sales office of a new condo in west Chelsea last December looking to buy. She asked to tour a few units and fell in love with a 736-square-foot one-bedroom with floor-to-ceiling windows and a small terrace. But the agents didn’t …
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Homeowners warned about foreclosure ‘rescue’ scams Kurt Hilderbrand worked hard for a decade to make his monthly mortgage payments, but a recent failed business dealt him the final blow: He was six months behind on payments and weeks away from losing his three-bedroom house. That’s when the “foreclosure rescue specialists” began circling. They hounded him …
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Soft market teaches flippers an ever-so-humble lesson Investing in real estate looked so sexy. Like the tech-stock bubble that turned college kids and housewives into day traders, the real estate boom turned insurance brokers, doctors and bicycle mechanics into real estate flippers, who would buy and then quickly sell homes for easy profits. Now those …
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