News about properties and real estate
For some investors, real estate may have lost its rosy glow Will investors continue to purchase residential real estate at a record pace, or will they return to the stock market, where analysts believe moderate gains are on the horizon? If there is a wild card in the nation’s housing this year, it’s the investor …
Continue reading “For some investors, real estate may have lost its rosy glow”
What Condo Purchasers Want: Fine Art? “It needed more culture and authenticity if we expected to sell 450 units at prices ranging from $550,000 to $4.5 million,” said Tom Harrison, a Colony Capital principal. So Harrison did what some other apartment and condo developers are doing to woo sophisticated city dwellers: He created a sizable …
Part 2: Minimizing home-sale taxes Home sellers benefit from adjusted cost basis: The starting point for avoiding long-term capital gains tax on the profitable sale of your personal residence and investment real estate is its adjusted cost basis. This number is needed because it must be subtracted from the property seller’s “adjusted sales price” to …
New Web database lists values of homes Could Web site do real estate agents’ job? After months of intense speculation within the real-estate industry, supersecretive Zillow.com announced Wednesday it was rolling out a Web feature that eventually will allow anyone nearly anywhere in the nation to accurately calculate the worth of their home or almost …
The little house that could keeps paying off When Andrew isn’t managing his investment portfolio and his substantial charitable donations, he enjoys cooking delectable souffles and working in the lush backyard of the home he shares with his partner. At 55, the soft-spoken gent is already retired and now lives mostly off a trust created …
Continue reading “The little house that could keeps paying off”
Lenders try to keep mortgage boom alive Hoping to ride a new wave of profits as the mortgage boom winds down, lenders have changed course and are targeting borrowers with adjustable-rate mortgages and encouraging them to refinance into fixed-rate loans. Many lenders have been pushing adjustable-rate loans as a way for borrowers to keep their …