News about properties and real estate
Evans Report: Palm Beach condo sale prices fall, but homes rise [South Florida] Single-family homes in Palm Beach continue to be immune from the nationwide downturn in real estate prices. But even a Palm Beach address isn’t protection enough against the deflating value of condominiums. That’s according to the Evans Report, a closely watched real …
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Some businesses turn housing bust into a boon In South Florida’s real-estate gold rush, the promise of instant wealth drew thousands of players into the local housing market. Cheap money flowed from lenders’ coffers lubricating a vast matrix of builders, sellers and buyers. No credit, bad credit, no problem. The businesses in the middle — …
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In Downtown, Concentrated Housing Trouble If the rate of new condo sales in downtown San Diego continues the way it did in the first half of 2008, it would take five years and three months to sell all of the new units in the city core, according to recent sales counts from MarketPointe Realty Advisors, …
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Cape Coral’s real estate collapse attracts bargain hunters [Tampa Bay Area] As the minibus swings into the driveway, Janet Kenyon takes one look at the new three-bedroom, two-bath house and lets out a shriek. “Oh, my God. I hate yellow!” The house is indeed very yellow, but the hour is getting late and Kenyon and …
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More couples taking home-buying leap The National Association of Realtors says unmarried couples buying a home together are the second fastest growing segment of American home buyers. In 2007, unmarried couples accounted for 7 percent of all home buyers. Their average age was 32 years old, which makes them the youngest of all first-time home …
Houses sold for just $100! But banks’ deals short taxes Hundreds of houses in Greater Orlando are bought each week for just $100 apiece — even in upscale subdivisions such as Baldwin Park. But don’t run to the ATM just yet. There’s a catch. The bargain prices only benefit the banks foreclosing on the properties. …
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