News about properties and real estate
Orlando landlord Brian Lunsford needed $40,000 to renovate a house that a college student almost burned down, so he turned to an online crowdfunding site.Within two days, more than a dozen investors had each agreed to loan him an average of $2,800 for up to 13 months. Crowdfunding is just one new financing option that …
Continue reading “Landlords, house flippers find new sources of cash to buy houses”
A lot of people are down on home ownership these days, some for good reason. • Young people with student debt can’t be enthusiastic because it’s too painful. Their debt takes them out as homebuyers.• Those who overreached during the bubble are still recovering. At best, they are a long way from having the trauma …
The rise of all-cash deals in places like Miami has made it difficult for high-end home buyers planning to use a mortgage. In response, many of these borrowers are turning to lenders able to close loans quickly or offer a range of financing options. In Miami-Dade County, for example, 62% of all closed residential real-estate …
Sick of the cold, Una and Howard Kemper followed the warmth 1,000 miles south to a field of asphalt in the Florida pine flats, a mobile home park named CountryWood. • They bought a double-wide a third the size of their Baltimore rancher — with a manicured palm out front, like they had seen on …
Continue reading “Mobile home park investors bet on older, poorer America”
What is it about London that wealthy Russians can’t get enough of? Thanks in no small part to the crisis in Ukraine, their takeover of the London property market is growing apace. According to the Financial Times £, well-to-do Russians – and Ukrainians too – “are trying to shift more cash into London property … …
Continue reading “Why are rich Russians so obsessed with buying up London property? | Cities”
Florida’s real estate market remains haunted by decaying and abandoned properties even as new foreclosures slow and home values rise. These so-called “zombie” foreclosures — properties forsaken by both the bank and borrower — number 54,900 statewide, including 14,600 in Palm Beach, Broward and Miami-Dade counties, according to a new report from RealtyTrac. The concentration …
Continue reading “Abandoned homes haunt Florida’s housing market”