News about properties and real estate
Jennifer Williams says she often feels like the oldest person on her block. When the 52-year-old corporate communications executive sets off for work in a suit, carrying a briefcase, with her hair in a bun, she is usually surrounded by young people with tattoos and rainbow crocheted skull caps. “It’s like mom is coming in …
Continue reading “Why Baby Boomers Are Moving to Hipster Neighborhoods”
Home buyers could be squeezed by higher interest rates and need larger downpayments if Congress agrees with an Obama administration plan to phase out mortgage-guarantee giants Freddie Mac and Fannie Mae. Southwest Florida lenders, home builders, real estate agents and other housing industry participants agree on the need to reform the nation’s housing finance system, …
Continue reading “Phasing out Freddie and Fannie could hurt home buyers”
At 59 and 60, Kim and John Keuning are closing in on retirement — but they aren’t quite ready for it. Six years out from their target date, the Duluth, Minn., duo have roughly $500,000 saved. Selling the small ad agency they own could net them another $150,000, they figure. (None of their five grown …
Continue reading “Nearing retirement, with 3 tuition bills to pay”
It looks like the foreclosed condo owned by the mayor of Greensboro will wind up in the hands of a bank in High Point. High Point Bank and Trust Co. was the only bidder Tuesday on the Center Pointe condominium owned by Mayor Robbie Perkins and his ex-wife. The bank bid $201,000. Other bidders have …
Angel Luna bought a three-bedroom bungalow five minutes from the water in Apollo Beach when she moved to Florida to launch her jewelry and clothing design business. She soon decided she would rather live where she worked in West Shore than commute from South County, but Luna wanted to retain ownership of the bungalow and …
Home prices are finally starting to rise, but not so much or so quickly that the great deals are disappearing. In fact, right now many investors have moved back into the market buying up properties that they will either rehabilitate and resell or rent out for cash flow. With interest rates still incredibly low, it’s …
Continue reading “Real Estate Investing With Cash? Why You Should Reconsider”