News about properties and real estate
Despite a flock of investors buying up South Florida homes for rental property profit, the market ranked lower than eight other Florida regions for the best place to purchase single-family rentals.Nationwide, Palm Beach, Broward and Miami-Dade counties also failed to place in the top 20 best investment areas for rentals, according to a RealtyTrac report …
Continue reading “South Florida rental market not as hot for investors”
Dan Gilbert, the billionaire Detroit real-estate investor, has shown he likes a bargain—snapping up downtown office properties for as little as $10 a square foot. But now he is negotiating to take control of Detroit’s Greektown Casino-Hotel at a price that isn’t deeply discounted. An affiliate of Mr. Gilbert’s Rock Gaming already owns some shares …
Michael Gatlin built his three-bedroom home in Flushing, Mich., with his own two hands.At 3,000 square feet, it had plenty of room for his two young boys. The home sat on nearly an acre of land — or snow, depending on the season — and the kids took advantage of every inch.Gatlin recalls summer days …
Continue reading “To track housing recovery, follow the cash trail”
Home remodeling projects across Southwest Florida are on the rise, spurred on by a thin supply of houses for sale and an overwhelming number of underwater mortgages that have made it difficult for some homeowners to move.The trend has put hundreds of subcontractors in Southwest Florida back to work, boosted revenue for home improvement retailers …
Continue reading “Remodelers are busy again in Southwest Florida”
With their children through college, Myra McWethy and her husband Kevin decided to sell their three-bedroom Santa Monica, Calif., home in May and move to San Diego. Given the soft housing market, they weren’t sure how buyers would react to their $1.8 million asking price. They found out quickly. Within hours of listing the property, …
One of the retirement planning resources that has gained interest in recent years is the reverse mortgage. For many retirees, it seems like a solid idea. You get access to the equity in your home, and the bank makes a mortgage payment to you. It turns your home into a source of income. It’s a …
Continue reading “5 Reasons to Avoid a Reverse Mortgage – On Retirement”