Tight credit spurs rentals There is a bright spot growing in the long-beleaguered rental market. Occupancy rose 3% last year at the 1,600 units in metro Detroit owned by Kaftan Enterprises, said owner Jeffrey Kaftan, who also is president of the Apartment Association of Michigan. “The apartment market has really been hurt for the past …
Category Archives: Real Estate
South Floridians turn to alternative home insurance
South Floridians turn to alternative home insurance With major insurers poised to shed more property insurance policies this year, Florida residents will be shopping for alternatives. Two little-known options expected to become more popular are surplus-lines companies and self-insurance pools. Surplus lines and condo self-insurance pools aren’t subject to Florida rate regulations, so they may …
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Tenants: Be aware of landlords facing foreclosure
Tenants: Be aware of landlords facing foreclosure While South Florida’s falling housing prices may favor renting rather than buying right now, the recent real estate bubble is also creating new risks for tenants. Plenty of homes and condos are available for lease because their owners can’t sell them, giving renters a variety of options. The …
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Foreigners get `upper hand’ in Fla. housing market [South Florida]
Foreigners get `upper hand’ in Fla. housing market [South Florida] From atop any gleaming, half-sold condo project, South Florida’s housing market looks bleak. Viewed from abroad, it looks brighter. Just like everyone else, foreigners turned away from Florida’s housing market as the downturn took hold. Now, international shoppers from Europe and Latin America to Canada …
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State Joins Inquiry of Unusual Loans [Tampa Bay Area]
State Joins Inquiry of Unusual Loans [Tampa Bay Area] Hundreds of peculiar home sales and foreclosures clustered in low-income neighborhoods in south St. Petersburg have attracted the attention of the Florida Department of Law Enforcement. The deals involved unusual mortgages uncovered last summer in a Tampa Tribune investigative report. The sales are tied to a …
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‘Angels’ help woman escape foreclosure [Connecticut]
”Angels’ help woman escape foreclosure [Connecticut] Maria Leon can’t stop smiling because, as she puts it, she got a second chance at a new life. Her smile is a big change from January and an even bigger one from Thursday night, when it appeared all Leon’s options had been exhausted and the court would finally …
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