News about properties and real estate
Seattle luxury-condo complex Escala will raise prices The market for new downtown condos has cooled. Many potential buyers are backing off, fearful of recession and wary of the national real-estate downturn. So Escala, the 31-story luxury complex under construction at Fourth Avenue and Virginia Street, is raising its prices? Developer Lexas Cos. said this week …
Continue reading “Seattle luxury-condo complex Escala will raise prices”
Condo seller employs new strategy: pay back buyers [South Florida] Selling condos in South Florida has become such a difficult task that some sellers are actually paying buyers to acquire their units. The Villas at Emerald Dunes, a recently finished condo development in West Palm Beach, is offering buyers a deal where the seller would …
Continue reading “Condo seller employs new strategy: pay back buyers [South Florida]”
Students find luxury near campus [North Florida] Jacey Dykstra’s condominium is anything but an average student residence. Continue to 2nd paragraph The University of Florida sophomore nursing student comes home to 10-foot ceilings, granite countertops, French doors that open onto a private balcony and walls so thick, she never hears any of her more than …
Continue reading “Students find luxury near campus [North Florida]”
Phoenix Couple Struggles to Hold On To Several Investment Properties We’ll be periodically checking in with home sellers, owners, buyers and investors who have been affected by the cooling real-estate market. The Investors: Donna Butera, 47 years old, a home-staging professional, and her husband, Mark Butera, 45, a contractor, in Phoenix. The Buteras got started …
Continue reading “Phoenix Couple Struggles to Hold On To Several Investment Properties”
On the foreclosure tour [South Florida] The latest trend in a South Florida housing downturn limping into its third year? Traveling tours of foreclosed homes. Desperately hoping to drum up business, real estate firms across the region are starting to offer the roving service each month. The concept, agents say, began in California and has …
The condo boom moves on to Latin America What to do when you have a network of real-estate brokers selling new condominiums, but few new condos to sell? Edgardo Defortuna, who has made millions selling South Florida condos, hopes one answer is found on the Pacific shores of Mexico. Defortuna, who heads Fortune International, last …