News about properties and real estate
Agent: Foreclosures mean opportunities [Santa Cruz] After a bank repossesses a home, Sebastian Frey often gets a call. Frey, 37, works at Thunderbird Real Estate in Capitola. Last month, he invited a reporter to join him as he checked on two newly foreclosed properties in the Las Lomas area, just over the Monterey County line. …
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Make money by buying right in today’s down market Successful real estate investors often say “money is made when you buy.” There is truth to this because real estate values are based on what similar properties are currently selling for. Therefore, buying “under market” gives you potential for an immediate profit. But wait! Exactly what …
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Tight credit spurs rentals There is a bright spot growing in the long-beleaguered rental market. Occupancy rose 3% last year at the 1,600 units in metro Detroit owned by Kaftan Enterprises, said owner Jeffrey Kaftan, who also is president of the Apartment Association of Michigan. “The apartment market has really been hurt for the past …
Bargains in Condos Over the past several years, condos — both newly built towers and converted apartments — sprang up like mushrooms after a spring rain. Now, the market is glutted and buyers are scarce. The National Association of Realtors reports that in November (the most recent data available), a 13-month supply of condos clogged …
Foreigners get `upper hand’ in Fla. housing market [South Florida] From atop any gleaming, half-sold condo project, South Florida’s housing market looks bleak. Viewed from abroad, it looks brighter. Just like everyone else, foreigners turned away from Florida’s housing market as the downturn took hold. Now, international shoppers from Europe and Latin America to Canada …
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Banks still want money in foreclosures Twice a year, Jim Applegate, Certified Financial Planner, organizes 16 financial planners in two shifts to sit from 9 a.m. to 3 p.m. at The News-Press headquarters in Fort Myers, using its phone lines to randomly rotate financial planning questions called in by our readers. As I have mentioned …
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