News about properties and real estate
Half-built homes can be bargains – but with strings attached First came foreclosure sales, then short sales. Now Central Florida is seeing more half-finished homes for sale: bare-stud, bare-yard houses abandoned by their builders and left to languish on the market. Purchasing a partially built home is nothing new; during the housing boom, many new-home …
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Down-Payment Standards Eased Some mortgage insurers and lenders are beginning to relax their down-payment requirements, in a sign of increased confidence in the housing market. The changes, which are being done on a market-by-market basis, mean buyers in some parts of the country can now borrow 95% instead of 90% of a property’s value. Until …
2009 brutal for South Florida condo sales, but signs encouraging Miami’s skyline at dusk tells the story of the condo crisis in stark relief: Some of the luminous towers beam with life, others flicker half-full, and still others are completely dark, mired in legal disputes over past-due loans and stalled sales. South Florida’s condo market …
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Miami’s Fisher Island Enjoying an Uptick in Uber-Lux Condo Sales According to several local real estate professionals, the ultra-wealthy residential island community of Fisher Island is experiencing a strong increase in sales activity in the latter half of 2009, amidst a tough real estate economy for most. Fisher-Island-and-South-beach-Miami-Florida.jpg Phyllis Winick, on-island broker of Fisher Island …
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Reason not to foreclose quickly Q: In today’s real estate market it may not be wise to foreclose. Lien, yes. Against my opinion, my board foreclosed and now is responsible for trying to sell a home in the community of 1,100 homes. The board, of course, is footing the bill for upkeep and paying all …
Dubai: A High Rise, Then a Steep Fall As financial crisis roiled much of the world in October 2008, the head of Dubai’s biggest state-owned developer unveiled his latest megaproject: a $38 billion development that would include a tower nearly two-thirds of a mile tall. “I’m sure most of you are asking why we’re launching …