Lagging economy hits Palm Beach as homes languish a little longer on market Palm Beach has enjoyed a hearty share of eye-popping home sales figures this year, including closings of $77.5 million and $95 million. And according to a fall 2008 residential market report from Brown Harris Stevens, those heavyweight figures have thrust the average …
Category Archives: Investment Tips
Short Sale vs. Foreclosure
Short Sale vs. Foreclosure I am in default on 12 jointly-owned properties that I am trying to liquidate as part of a divorce. All of my properties are currently worth less than the mortgage balances, due to the tough real estate market. I am aware that I will likely be taxed for the amount of …
Test ahead for downtown condo market [South Florida]
Test ahead for downtown condo market [South Florida] The number of closings at downtown Miami condos has gone better than many expected, according to a new survey. But more condos will be entering the saturated market soon. Miami’s latest building boom is creating 22,000 condominium units in the city’s urban center, more than double the …
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Sky-High Loses Altitude
Sky-High Loses Altitude In Gerhard Andlinger’s recently listed apartment at the Time Warner Center, high above Columbus Circle, one can sit on the Louis XVI daybed and look past the Chinese screens and the Louise Nevelson sculpture at a 14-foot-high wall of windows with priceless views of the city and its sagging real estate market. …
Meet the competition
Meet the competition Shielded from the equatorial sun beneath an umbrella, Jim and Carol Lynch reflect on their unusual decision to move from the small town of Fayetteville, Tenn., to a suburb of this Costa Rican capital. “Look around you, man,” Jim Lynch says. “This place is beautiful.” They are among a small but growing …
Trading Down Is the New Real Estate Reality
Trading Down Is the New Real Estate Reality Half a million dollars is, by almost any standard, a lot of money. But during the past few years, when credit was easy and regulations were loose, to many Americans it didn’t seem like all that much. That’s because they were able to borrow huge amounts of …
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