News about properties and real estate
Cheap Chic: Home-Price Erosion Hits the $5 Million-Plus Market A slice of the good life — the really good life — has gotten a lot more affordable lately. From Miami to Beverly Hills, homes with bowling alleys, theaters, steam rooms, heated decks, six-bay garages and other luxury must-haves are sitting on the market for at …
Continue reading “Cheap Chic: Home-Price Erosion Hits the $5 Million-Plus Market”
Harborage condo buyers tout law in fight for deposits With no signs of a real-estate rebound in sight, a slew of buyers are trying to get out of their luxury condo contracts at Boca Raton-based Altman Development Corp.’s waterfront project in Stuart. The would-be owners of seven condos at Harborage, Altman’s 126-unit development on the …
Continue reading “Harborage condo buyers tout law in fight for deposits”
Foreign Buyers Flocking to U.S. Housing Market Americans’ love affair with real estate may be cooling, but thanks to falling home prices and the weak dollar, attention is heating up from another group of suitors: foreign investors. Foreign buyers have long looked to certain U.S. markets — say, high-end properties in cosmopolitan Manhattan or sexy …
Home costs hit levels of 2004 [South Florida] Median home prices in Miami-Dade and Broward counties last month fell below $300,000 for the first time since 2004. A growing number of homes on the market, including foreclosures and properties owned by banks, plus sellers who have dropped asking prices, are contributing to the continued declines. …
Continue reading “Home costs hit levels of 2004 [South Florida]”
R.O.I. – WSJ.com Maybe the smart way to play the real-estate crash is to come down here and rent. You can live in an amazing, brand-new condo, high above Biscayne Bay, for about $2,000 a month. And there are plenty of desperate owners who need the income. The cash doesn’t come close to covering all …
Southwest Florida: Garage sale economy | news-press.com | The News-Press Garage sales have morphed in Southwest Florida from a means to purge the flotsam and jetsam in people’s lives to simply helping them survive. A plunging economy, soaring gas prices, the highest unemployment rate in 15 years and skyrocketing foreclosures are forcing Southwest Florida residents …