News About Properties

News about properties and real estate
May 18th, 2014

Mobile home park investors bet on older, poorer America

Sick of the cold, Una and Howard Kemper followed the warmth 1,000 miles south to a field of asphalt in the Florida pine flats, a mobile home park named CountryWood. • They bought a double-wide a third the size of their Baltimore rancher — with a manicured palm out front, like they had seen on TV — and filled it with angel figurines. That was 24 years ago. Una is 76 now, a widow on a fixed income. But this will always be her home. • “As far as I’m concerned, I’m in paradise,” she said. “When I leave I want to leave the same way (Howard) did — not going anywhere else, except straight up.”

About 1.8 million Floridians today choose to live in a mobile home, a crowd five times the size of Tampa and mostly earning less than $30,000 a year.

via Mobile home park investors bet on older, poorer America.

May 9th, 2014

Why are rich Russians so obsessed with buying up London property? | Cities

What is it about London that wealthy Russians can’t get enough of? Thanks in no small part to the crisis in Ukraine, their takeover of the London property market is growing apace.

According to the Financial Times £, well-to-do Russians – and Ukrainians too – “are trying to shift more cash into London property … amid indications that eastern European oligarchs are using the capital’s housing market to conceal their assets from international sanctions”. And this despite a recent “tax crackdown” by George Osborne, apparently.

via Why are rich Russians so obsessed with buying up London property?.

March 14th, 2014

Abandoned homes haunt Florida’s housing market

Florida’s real estate market remains haunted by decaying and abandoned properties even as new foreclosures slow and home values rise.

These so-called “zombie” foreclosures — properties forsaken by both the bank and borrower — number 54,900 statewide, including 14,600 in Palm Beach, Broward and Miami-Dade counties, according to a new report from RealtyTrac.

The concentration in Florida makes it tops in the nation for zombie foreclosures, with South Florida ranking first among large metro areas.

via Abandoned homes haunt Florida’s housing market.

February 6th, 2014

Vegas Builder Hits the Jackpot

It has been nearly three years since builder Josh Anderson purchased 36 distressed lots just outside of Las Vegas for an average of about $90,000 each, hoping that a bet on troubled land would pay off once the market turned.

If all goes well this week, his gamble could result in a jackpot.

One of the lots Mr. Anderson bought was used to build the “New American Home,” the name given to a model home that captures the latest design trends and is unveiled annually at the International Builders’ Show. This year’s show, a mega convention expected to attract 80,000 members of the home-building and home-renovation industry, opened in Las Vegas on Tuesday.

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p>via Vegas Builder Hits the Jackpot.

October 10th, 2013

How All The New Student Housing Will Impact Tallahassee’s Investment Market

My favorite blog posts are ones that are inspired by reader questions, and today we respond to a doozy from “DC” who asks about investing and student housing.

We get all kinds of questions from our readers, but this one is very insightful in that I believe he suspects there could be a problem brewing for some of the investors in the Tallahassee real estate market.

And I believe he is correct.

via How All The New Student Housing Will Impact Tallahassee’s Investment Market | Tallahassee.com Community Blogs.

September 19th, 2013

The housing market is looking up. But don’t ignore the more sobering facts. – WSJ.com

All year long, we’ve been hearing that the housing rebound is upon us. Yes, there has been some marked cooling in the market in the past couple of months, but by and large, the stars have remained aligned.

The economy is recovering, unemployment is inching down and the Federal Reserve is trying to keep interest rates low, helping create the greatest buyers’ market in anyone’s memory. Things are looking brighter for sellers, too. The often-quoted S&P/Case-Shiller home-price index is chronicling the biggest price increases in half a decade.

It no doubt makes a lot of people want to jump into the housing market again.

via The housing market is looking up. But don’t ignore the more sobering facts..

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