News about properties and real estate
Tax relief may work against real estate vultures [Florida] For two years Magdiel Guillemi watched the condominium towers go up across South Florida and waited for his chance to buy in. Now the 25-year-old aluminum company executive thinks his time has arrived. With the housing market stuck in slow motion, more and more condos nearing …
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You can hardly lose with California housing Yes, there have been small declines in some relatively overbuilt parts of this state. But in places where homes have not been overbuilt, or where in-migration continues at a fast pace, prices are still rising slightly or just staying flat. It happens every year about the same time …
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Many Investors Feel Like Running Away From Homes Buying real estate seemed a no-brainer five years ago. Cheap loans were easy to get. Home prices were soaring. Stocks were dead money. How things have changed. For-sale signs are sitting ignored in some cities. Interest rates on exotic loans are doubling. Insurance premiums and property taxes …
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On many mortgages, reckoning day coming [Southern California] Hindsight, they say, is 20-20. And with the benefit of two years of hindsight, it’s clear that June 2005 was the height of the wacky season for the San Diego County housing market – which has potentially fearsome implications for home prices this summer. By June 2005, …
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Best of times, worst of times in rental market For real estate agents, rental income is rising. For investors, losses on rentals are common. Sabrina Westenbarger isn’t frustrated by the housing slump. Last year, as the New Tampa real estate agent sensed that home buyers were disappearing, she branched into managing rental properties. Demand surged …
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The home buyers’ quandary Like many thirtysomethings, Sarah Francis is hearing the call of homeownership. With a recent price softening in some markets, the 32-year-old Chicagoan thinks it may be a great time to jump into a condo. She worries about borrowing—she has no credit card or student loan debt—and she’s managed to accumulate about …