News about properties and real estate
Builder aims to complete a vision [South Florida] A developer who snapped up seven acres near the center of Coral Gables is banking on the spirit of city founder George Merrick to propel a new residential project. How do you buy seven acres near Coral Gables’ densely developed Miracle Mile? ”You do it very quietly,” …
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You can still make money in real estate You wouldn’t believe Boyd Watkins is a millionaire from his small, slightly run-down house in Burien, but this is just one of 180 houses he owns. Boyd is the king of real estate repo. He buys repossessed properties at government auctions. Within a few years of starting …
Orlando homes sell at rate shy of record [Central Florida] The area still saw its 2nd-best year, with more transactions in 2006 than in ’04. Orlando’s hot housing market lost much of its spark in the second half of 2006, though the year still wound up as the second-best on record for local existing-home sales. …
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Commercial deals heat up The most recent deal: Glendale, Calif.-based real estate investment trust PS Business Parks (Amex: PSB, $69.43) edged 15 other bidders to acquire Boca Commerce Park and a portfolio of light industrial properties in Wellington. “We had institutional interest, private interest, condo converters both locally and from all over the country,” says …
Mortgage Applications Up as Home Buyers See a Break in Rates Low mortgage interest rates are buoying the housing market even as experts are debating whether the market has hit bottom. The recent decline in rates has been relatively small, and there is still concern that the slump will worsen in the spring when more …
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Even in a home buyer’s market, it’s important to use your clout wisely [South Florida] Jenn Vest made what she thought was a fair offer on a house in Broward County, but the seller rejected it and wasn’t much in the mood to haggle. The same thing happened on another property. Vest later found a …