News about properties and real estate
The boom is gone: Home sales fall 36% in Broward [South Florida] South Florida’s five-year housing boom is over. Prospective home buyers are finding prices falling to more affordable levels. Sellers are waiting impatiently as their houses sit on the market for weeks and months, only to receive tepid interest before reducing their asking prices. …
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Affordable housing offers developer rich pursuit But spiraling land prices are squeezing such projects out of Central Florida In 1988, Alan Ginsburg decided to use the federal government’s new tax credits for low-income housing to accomplish two things: provide affordable rental housing for people, and build a thriving business for himself. He has done both, …
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55 West ready to rise [Orlando] Three years after it was first proposed, construction of the 55 West condominium tower in downtown Orlando is under way and headed for completion in spring 2008. Spiraling costs for material and labor had delayed the 32-story project, and a long list of prospective buyers evaporated as delays continued …
Equity cushions flat for newest buyers Billowing appreciation rates have been the hot news in home real estate for much of the past three years. But now, with many of the most effervescent local markets in a cool-down phase, the focus is turning to something much more fundamental: homeowners’ equity stakes. How big is your …
Developers throw in extras to seal condo deals With a wave of new condominium units now available in Greater Boston, real estate developers are offering incentives to boost sales and move hard-to-market units. Developers are often willing to pay closing costs, forgive monthly maintenance fees for a year, or throw in amenities such as free …
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Buyers angered as developer misses 3 deadlines at idle condo site in Boca Jackie Badome has four bedrooms, three bathrooms and two grown children. She doesn’t need a big house anymore. So in 2004 Badome agreed to pay $360,000 for a two-bedroom condominium at Eden, a former apartment complex on Palmetto Park Road and Southwest …