Like a piñata, bursting condo bubble will spill forth goodies [South Florida]

Like a piñata, bursting condo bubble will spill forth goodies [South Florida] Even Cassandra must have thought once or twice about pie in the sky. As Miami’s unofficial prophet of doom during a condo bubble that is no longer in dispute, I wrote column after column counseling caution rather than unbridled euphoria but claiming that …

More mobile homes are not being insured

More mobile homes are not being insured More than half of Florida’s 800,000 mobile homes are no longer covered by homeowners insurance — another sign of the state’s soaring insurance costs. The number of insured Florida mobile homes dropped from more than 500,000 in 2004 to less than 400,000 last year, according to the state …

Con artist or beaten spouse? [Tampa Bay Area]

Con artist or beaten spouse? [Tampa Bay Area] She blames her ex. It’s an act, her victims in a housing scam say. Who is Synthia Ippolito? Is she, as prosecutors allege, a cunning con who bought the homes of 20 people under false pretenses, forcing victims to spend tens of thousands of dollars to buy …

Miami Condo Glut Pushes Florida’s Economy to Brink of Recession [South Florida]

Miami Condo Glut Pushes Florida’s Economy to Brink of Recession [South Florida] In the middle of the biggest glut of condominiums in more than 30 years, Miami developers keep on building. The oversupply will force prices down as much as 30 percent, the worst decline since the 1970s, and help push Florida’s economy into recession …

Silicon Valley home market squeezing buyers and sellers [Silicon Valley]

Silicon Valley home market squeezing buyers and sellers [Silicon Valley] Statistically high median home prices in Silicon Valley’s housing market continue to belie soft market conditions, including falling prices, swollen inventories and tight mortgage money in some areas. Real estate agents on the street say an “inverse” market has emerged, forcing sellers to cut prices …