News about properties and real estate
When Michael and Monica Tesoriero started looking at houses last year, they were set on a single-family in Medford – until they saw how little they could get for their money. “After seven months of looking,” says Monica, who works in finance at Harvard University, “we came to the realization that most houses in our …
Continue reading “5 things to consider before buying a multifamily home”
Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities. The Wall Street Journal’s third-quarter survey of housing-market conditions in 28 of the nation’s …
Kern farmland has become one of the county’s hottest investments, due in part to broadly higher commodity prices and growing demand for land with vested water rights.People in the industry say large farming companies are taking advantage of low interest rates and bidding against institutional investors with few other attractive options for earning income.While some …
Continue reading “Farmers, outside investors bid up local ag land”
Highly ranked school districts may have been spared the worst of the foreclosure crisis, according to a new analysis, showing that the housing crash was akin to a tornado that tore through wide swaths, but hit with particular force in certain areas. The analysis, conducted for Developments by Location Inc., a Worcester, Mass.-based company that …
Continue reading “One Antidote to Foreclosures: Good Schools – Developments – WSJ”
New Yorkers, Washingtonians and Atlantans are logging more and more internet searches for South Florida real estate, a sign that the region’s troubled housing market could receive even more outside investment in the future. In the wake of a severe housing bust, Florida has become one of the most popular locales for Americans seeking low-priced …
Continue reading “South Florida attracts domestic home buyers, too”
When a 62-year-old financial advisor bought a two-bedroom Manhattan co-op recently, he showed up at the closing with a check for the full $970,000 purchase price. No mortgage? “The money I had in cash was sitting getting 0% interest,’’ explains the man, who asked not to be named. “It made absolutely no sense to borrow.”There …
Continue reading “The Benefits Of Buying A Home With Cash – Forbes”