News about properties and real estate
Project shows well-off borrowers also hurt by easy-loan climate On a crisp fall afternoon in 2002, a crowd gathered under a big tent near the Penland School of Crafts, an artists’ colony tucked in the Blue Ridge Mountains. While a harpist played, real-estate developer Tony Porter described his vision for a 2,000-lot residential and retail …
Continue reading “Project shows well-off borrowers also hurt by easy-loan climate”
Miami Condo Glut Pushes Florida’s Economy to Brink of Recession [South Florida] In the middle of the biggest glut of condominiums in more than 30 years, Miami developers keep on building. The oversupply will force prices down as much as 30 percent, the worst decline since the 1970s, and help push Florida’s economy into recession …
Continue reading “Miami Condo Glut Pushes Florida’s Economy to Brink of Recession [South Florida]”
Renters win in slow market [South Florida] Now that Palm Beach County’s boom-time home-sales market is settling down … guess what? It’s become a renters’ market, according to a report released Wednesday. While that’s good for renters, it isn’t welcome news to landlords or home sellers. Home sellers competing for buyers in the county’s volatile …
Continue reading “Renters win in slow market [South Florida]”
Silicon Valley home market squeezing buyers and sellers [Silicon Valley] Statistically high median home prices in Silicon Valley’s housing market continue to belie soft market conditions, including falling prices, swollen inventories and tight mortgage money in some areas. Real estate agents on the street say an “inverse” market has emerged, forcing sellers to cut prices …
Continue reading “Silicon Valley home market squeezing buyers and sellers [Silicon Valley]”
The Cost of Borrowing Moves Up When Metropolitan Real Estate Investors of Los Angeles and its Israeli financial partners agreed in April to buy 885 Third Avenue, a Midtown Manhattan office tower that is known as the Lipstick Building because of its elliptical shape, there seemed to be little doubt about how the deal would …
WCI’s stock decline raises question about it spurning Icahn’s offer Since billionaire investor Carl Icahn’s $22-a-share offer for WCI Communities Inc. expired in May, the luxury builder has seen its stock price fall as the housing market continues to stumble. Some question whether the company — a developer of waterfront and country club communities — …
Continue reading “WCI’s stock decline raises question about it spurning Icahn’s offer”