News about properties and real estate
There’s a quiet building boom taking place in South Florida, but it’s nothing like the mid-decade condo rush that ended in an epic economic bust. The new towers going up today are not being built on the water for the affluent, but on the chipped sidewalks of gritty neighborhoods for the region’s poorest families. The …
Continue reading “Building boom in affordable housing underway in South Florida”
Partners in life for 13 years and now partners in a major house-building project, interior designer Sharon Nizolek and investment banker Guy Della Penna recently finished a beautiful coastal home in Sarasota. It reminds them so much of the shingle-style homes of Newport, Cape Cod, Kennebunkport or the understated mansions in the tony villages of …
Continue reading “Homeowners build their ideal Hampton house on Siesta Key”
Beginning April 18, unemployed and underemployed struggling Volusia and Flagler county homeowners have a new program that could help them avoid foreclosure and stay in their homes. The Florida Housing Finance Corp. announced Tuesday that it will begin accepting aid applications statewide April 18 for the Florida Hardest Hit Fund program. The U.S. Treasury Department …
Continue reading “Program to help hard-hit homeowners to launch”
House prices are still tanking in many parts of the country, mortgage rates are inching up, and job growth is subpar. So what are some homebuyers doing? They’re buying even more home—as in two-, three- and four-family homes—and playing a risky, but potentially lucrative, game of real estate investor and live-in landlord at the same …
What started as a hobby for Keith Gamble is now a risky, exciting, full-time job: buying properties at the monthly foreclosure sale and flipping them. Gamble, and others like him, are a new generation of property flippers who buy at low prices at a foreclosure auction, clean up a property and sell it for a …
Continue reading “Foreclosures offer new twist on flipping houses”
Nevada leads the nation in foreclosures. In Las Vegas, banks are repossessing record numbers of homes. But the flip side is that for some low-income buyers, home ownership is finally within reach. Lady Luck has smiled on David Krueger, a waiter at the glitzy Mirage Hotel who earns $13 an hour, plus tips. That’s about …
Continue reading “Amid Las Vegas Real Estate Woes, Hope For Some”