News about properties and real estate
America’s biggest housing bargains? [Chicago] With the nation’s lowest median house price, the Danville area’s residents feel the pain of selling out A four-bedroom, two-story house with fireplace on a tree-shaded street for $54,900? A three-bedroom brick ranch, with attached garage, for $79,900? They sound like real estate listings from the early 1970s, but these …
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To live and buy in L.A. More people. Prices stuck in the stratosphere. Vanishing open land. These and other factors give the housing crunch new bite. If Southern California’s housing market of the last six years were a hit song, owners who have seen their homes double in value would be humming “We’re in the …
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It’s a renter’s market Sluggish sales, high prices and desperate investors are causing homes to lease for a fraction of what they would cost to own. This spring, Michelle Lewis and Rudolph Maragh of West Palm Beach were preparing to buy a condo when they took one last look at the local housing market. And …
Prospering In The Housing Bust Gillette Edmunds has made good money in real estate–by knowing when to sell. Edmunds owned six investment properties: single-family homes in southeast Denver he’d purchased for around $70,000 apiece. He was leasing out the houses for an average of $700 a month, amply covering mortgage payments, property taxes and maintenance …
Housing boom could storm heartland Could the real estate action be shifting to the heartland – the vast swath of middle America that never really was touched by the hyperinflationary housing boom? That’s what a new statistical analysis of housing price cycles in 100 major metropolitan areas suggests could be over the horizon. Its author, …
R-G Crown sorts out mess over developer [Central Florida] The Casselberry-based thrift lent millions to Barrington Homes’ would-be home buyers. R-G Crown Bank, one of the region’s fastest-growing financial institutions, has become ensnared by the problems of an Orlando home-building company whose former chief executive faces money-laundering charges. The Casselberry-based thrift has loaned millions of …
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