News about properties and real estate
Region’s typical home price tops $500,000 [Southern California] The median price of a Southern California home punched through the half-million-dollar mark for the first time in March even as sales remained soft, an industry tracker said on Tuesday. The sales decline is in response to rising interest rates and a market past its “frenzy phase,” …
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On the waterfront? Home buyers pay plenty to have view of fake lakes. Mughis Chaudhry wanted a house on the water and an easy commute to his office — just like many people in the Orlando metropolitan area. But unlike most home seekers, Chaudhry, 36, was willing to pay nearly $600,000 for a lakefront lot, …
Condo conundrum: Insurance costly, elusive With two consecutive hyperactive hurricane seasons, local condo associations often find that their single biggest expense is hurricane insurance, not the cost of operating and maintaining their facilities. And even though Bradenton has been spared a direct hit the last two seasons, finding an insurance carrier willing to write a …
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Where water sells [Central Florida] For Karen Woods, it’s all about location. She remembered a real-estate expert telling her: “If you’re going to invest in property, buy on water. God only made so much of it.” That’s why the 40-year-old Clermont woman and her husband, Jim, recently paid $450,000 for a condominium along the Indian …
A Place for an Energetic Little Boy After Hudson Lee was born — yes, he was named for the Hudson River — his parents knew they couldn’t remain in their small, noisy, roach-ridden Inwood rental for much longer. All they needed was a great deal: someplace clean, quiet, big enough for an energetic little boy, …
Absentee owners investing in O.C. [Southern California] The true role of real-estate investors in the Orange County housing market is tricky to gauge. One accounting of their activity – tracking folks who buy property but send the tax bills to another address – shows that these sales continue to be strong. In 2005, market watcher …
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