News about properties and real estate
Sarasota-Bradenton sales buck national and statewide trends [South Florida] Sarasota-Bradenton was a bright spot in an otherwise dismal national and state real estate market during March. While national sales of single-family homes fell 13 percent and statewide sales dropped by an even larger 28 percent, Sarasota-Bradenton saw a 16 percent increase last month compared with …
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Drawing down equity on home frees assets, carries downside risk Before getting a reverse mortgage, Jo Ann Miller and her husband, Carl, were living modestly on Social Security and carefully watching their spending. They had no pensions to fall back on and weren’t able to save much while they were working. But they had equity …
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Europeans Still Buy Polk Properties Despite the slowdown in the U.S. real estate market, there’s evidence that investors are still buying local properties, particularly vacation rentals. The buyers remain one of the markets that’s been most loyal to Four Corners from the beginning: Europeans, particularly the British. When Feltrim Developments USA – which has an …
Lure of cash attracts investors [Indianapolis] The lure is easy money. No cash down. Just use your credit rating. That’s what got Tiamia Reese tangled in the failed 2002 real estate scheme that ruined Florida mortgage lender Oceans Funding and plunged 22 Indianapolis houses into foreclosure. Now, Reese is set to testify against David Day …
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Flipping Houses in a Down Market My team and I flip houses in Michigan, where the housing market is currently experiencing a significant slump. Wherever these dips in the market occur, they often discourage investors, particularly novice investors, from flipping, but you don’t need to get discouraged. With the right adjustments, you can flip houses …
Converters Leaving Market Without Much Pain Eighteen months ago, apartment complexes were being snapped up at record pace by condominium converters. But in less than two years, the news focuses on what local experts have dubbed “reversions”–condo conversion complexes being brought to the sales block as income-producing properties. Unlike other markets experiencing condo retreats, local …
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