News about properties and real estate
Caution urged in ‘rent-to-own’ home contracts Potential home buyers with bad credit can still acquire a home under a lease-option agreement, but there are many pitfalls to avoid. In some metropolitan areas, lawn signs, telephone poles and newspaper advertisements hawk them aggressively to modest-income and credit-challenged consumers who want to buy a home. Stripped to …
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Real estate slump chills ‘flippers’ Get in, get out, get the next deal. That’s the code of the ”flipper.” But with concerns rising about a slowing housing market, has the world flipped on flippers? Some analysts and brokers think so.
Real estate market gets hotter after storm passes November brought a booming residential real estate market to parts of the New Orleans area that escaped Hurricane Katrina-related flooding, with the total value of sales climbing 50 percent over the same month a year ago, figures released Friday by a leading real estate firm show. The …
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Condo conversion craze makes finding apartments harder Diana Perez got the letter a few months ago: the apartment complex where she and her family live was converting into condominiums. They had to leave if they couldn’t pay a 20 percent down payment on their two-bedroom apartment, now selling for $185,000. That’s $37,000 up front on …
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Investors propel real estate boom Florida’s favorite pastime? Not football, golf or fishing. It’s real estate, and everyone’s doing it. When Manatee Community College offers a class called “Flipping Houses” — and it is — you can bet everyone is in the tank.
N.Y. Rent Laws Enabling Out-of-Town Luxury Thousands of New Yorkers, taking advantage of rent-stabilization laws designed to keep middle-class New Yorkers in the city, are using the money they are saving on rent to buy weekend or vacation homes outside New York in places such as Florida, Connecticut, and even Switzerland.