News about properties and real estate
Can you afford it now? [Southern California] We’ve pretty much blown through the first couple of stages of grief with regard to the Southern California housing bust. There’s no room left for denial now that home prices in the Southland are down 44% from their peak in 2007, and there’s not much use for anger. …
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Northwest Florida gets a break on taxes | pnj.com | Pensacola News Journal Try living in New Jersey. Homeowners in Passaic County, N.J., spend more than 8 percent of their $81,684 annual median income on real-estate taxes. That gives the county 43 miles northwest of New York City the distinction of being tops in the …
Homeowners refinance, put savings under mattress Chicago-area mortgage broker Steve Molitor had knee replacement surgery a few weeks ago, purposely scheduling it around the holidays because it’s typically a slow time of year in his business. But as he and other can attest, it’s been anything but slow. Since the Federal Reserve’s announcement during Thanksgiving …
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More ways to profit from market downturn Still shedding tears over your mansion’s declining value and your beaten-down stocks? Edward Mendlowitz, CPA and partner with the New Brunswick, N.J. accounting firm, WithumSmith Brown, says his wealthy Florida clients have been benefiting from the economic downturn. How? They’re getting assets out of their taxable estates in …
HOAs cry foul over foreclosures Local homeowners’ associations and condo boards say banks are unfairly getting a break on how much back dues they have to pay when they take back a home in foreclosure. That’s resulted in financial pain for some associations and helped drive others to the brink of collapse. But bankers say …
Bargains drive up home sales in Palm Beach County [South Florida] Even as job losses mount and mortgage lending remains tight, South Floridians still are buying homes. Bargain hunters continue to respond to plunging prices, with October sales of existing homes in Palm Beach County rising 37 percent, to 618 from 450 a year ago, …
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