News about properties and real estate
Builder left homes undone; CEO faces arrest [South Florida] Alisha Buckingham just wanted a two-story home. At the time, only two home builders in the city offered models with that specification. Contracting with Avalon Homes, she and dozens of other families learned, was a costly decision. Avalon collapsed last fall, leaving 50 homes unfinished and …
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Builder’s sales on track despite cancellations [Central Florida] Steve O’Dowd, 53, president of Engineered Homes of Orlando Inc., an employee-owned production home-building company based in Winter Park. O’Dowd spoke with staff writer Jerry W. Jackson. Question: Late last year, you were fairly confident about local home building for 2007. Has the extent of the slowdown …
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Will property tax relief help you? The Legislature’s proposed changes to the way counties, cities and school districts levy property taxes could save you thousands of dollars per year. Or not. Some changes could mean dramatic savings for owners of businesses or second homes but do little for year-round homeowners. On the other hand, a …
Real estate slowdown is coming home across area [South Florida] Troubles in the market are acutely felt as home inventories rise, prices fall and expectations sink. Green, 39, is a real estate appraiser. He used to live in Seminole Heights in Tampa. He and his wife, Leah, have a 2-year-old son. Lester, 54, owns what …
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Lure of cash attracts investors [Indianapolis] The lure is easy money. No cash down. Just use your credit rating. That’s what got Tiamia Reese tangled in the failed 2002 real estate scheme that ruined Florida mortgage lender Oceans Funding and plunged 22 Indianapolis houses into foreclosure. Now, Reese is set to testify against David Day …
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Flipping Houses in a Down Market My team and I flip houses in Michigan, where the housing market is currently experiencing a significant slump. Wherever these dips in the market occur, they often discourage investors, particularly novice investors, from flipping, but you don’t need to get discouraged. With the right adjustments, you can flip houses …