News about properties and real estate
Lots to buy for Tampa parking kings after real estate bust [Central Florida] In the wake of the real estate collapse, the most marketable use these days for some land in downtown Tampa may be – parking. Two brothers who became the kings of downtown Tampa parking are becoming downtown land barons as well, snapping …
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Keep your home-equity line of credit from freezing Realty Q&A Question: I have a shrunken home-equity line of credit with a big bank on the property in which I reside. What is the best strategy, if any, to minimize the possibility that the HELOC will be frozen or closed? Currently, I have the line tapped …
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Chasing the American dream — a place to call their own Until April, the lure of an $8,000 tax credit combined with depressed real estate prices was drawing younger South Floridians to their first homes. How is first-time homeownership turning out? There have been a few surprises. Property taxes doubled. What?
Home building in Southwest Florida is on the mend After the worst year in the home building business since the Great Depression, Southwest Florida builders and their subcontractors are getting busy again. Builders in Manatee County are firing up their cement mixers and nail guns the fastest. But other parts of the region — including …
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Bulk Condo Sales Clear Supply—at a Cost The financial clouds hovering over the Monteverde condominium development in Boynton Beach, Fla., were driven away in late spring when an investor bought 118 of the project’s 219 units in a “bulk sale,” a popular method of moving large numbers of condos in one transaction. But Dan Berwitz, …
National homebuilders in Denver area plan for economic rebound by buying house lots Despite softening sales in the new-home market, national homebuilding companies in the Denver area are continuing to buy lots, significantly driving up prices from where they were a year ago. It’s part of their push to have communities to build in when …