News about properties and real estate
To find the Central Florida neighborhoods where home prices have bounced back the most in the past year, look at newer communities at the region’s outer edges. Growth pockets in Eustis, Paisley and Montverde in Lake County showed price gains of about 30 percent from February 2013 until the same month this year. So did …
Continue reading “Orlando area home prices see biggest recovery in outlying neighborhoods”
What is it about London that wealthy Russians can’t get enough of? Thanks in no small part to the crisis in Ukraine, their takeover of the London property market is growing apace. According to the Financial Times £, well-to-do Russians – and Ukrainians too – “are trying to shift more cash into London property … …
Continue reading “Why are rich Russians so obsessed with buying up London property? | Cities”
Florida’s real estate market remains haunted by decaying and abandoned properties even as new foreclosures slow and home values rise. These so-called “zombie” foreclosures — properties forsaken by both the bank and borrower — number 54,900 statewide, including 14,600 in Palm Beach, Broward and Miami-Dade counties, according to a new report from RealtyTrac. The concentration …
Continue reading “Abandoned homes haunt Florida’s housing market”
It has been nearly three years since builder Josh Anderson purchased 36 distressed lots just outside of Las Vegas for an average of about $90,000 each, hoping that a bet on troubled land would pay off once the market turned. If all goes well this week, his gamble could result in a jackpot. One of …
Last year saw more homes selling faster and for more money than they have in several years. The numbers in the Northeast Florida Association of Realtors’ annual report were an improvement across the board. About 4,000 more homes were sold in 2013 than in 2012. The median price of $153,400 was up about $20,000, and …
Continue reading “First-time buyers and downsizers fueling improved home sales”
Ure Kretowicz, a home developer here, built his company and fortune constructing suburban communities marked by detached, Mediterranean-style houses along winding cul de sacs. Now he has run out of space. For the first time in his four-decade career, Mr. Kretowicz doesn’t have one detached, single-family home under development in metro San Diego. From the …
Continue reading “Land Crunch Hits Builders in ‘Brady Bunch’ Country”