News about properties and real estate
Strip’s vaunted condo-hotels losing their luster [Las Vegas] Like some Vegas act that landed with big expectations but is struggling to gain traction, condo-hotels are having a tough time on the Strip. When they made their appearance here, these hotel-affiliated condominiums that can be rented by their owners as hotel rooms were pitched as a …
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Restaurant properties: Are they still in demand? [South Florida] What’s the outlook for restaurant properties? Two brokers, Richard Ruvo of Port St. Lucie-based All Florida GMAC and Jim Traina of Americas Realty in Stuart, offered their perspective. Q. Are restaurant listings up? Ruvo. There are a lot more restaurants on the market now. I’d say …
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Condo crunch in S. Florida good news for bargain hunters The glut of condominiums for sale in South Florida is attracting a legion of bargain hunters. Out-of-state and international buyers are descending on the area in search of deep discounts as prices continue to crater. They want to get in now and wait out the …
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Home Buyers, Start Your Engines If you were thinking of buying a home, start looking. The latest data from the housing market shows that sellers, after months and years in denial, are finally giving in to reality and slashing prices. There is a distance still to go. There may even be a lot to go. …
The vacation-home buyer [Central Florida] If Daytona’s complicated real estate market could be reduced to a round of “Jeopardy!,” one answer recited by Alex Trebek might be this: the beach, Disney, deep discounts and a droopy dollar. And the question? What factors are Realtors counting on to start a recovery in the area’s vacation-home market? …
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Investment losses hard to swallow People such as Freddie Wright, Judith Baron and Nelia Raber say they thought their money was safe in the now-troubled Paso lender Freddie Wright has been living for years in San Luis Obispo in an old orange Ford van, a choice he makes to save money. In 2006, a longtime …