News about properties and real estate
It is nearly five years since the peak of the housing bubble, and that highly leveraged sector, with its $11 trillion in residential mortgage debt, continues to struggle. Home values just posted their biggest quarterly decline since late 2008, largely due to a steady stream of foreclosures. But if we consider that the housing bubble …
Continue reading “Alex Pollock: On Housing, There Will Be More Lean Years Ahead”
The ad for Pompano Beach Highlands hit Life magazine in October 1955. It was paid for by the builder, who pitched retirees on the perks of owning a home in Florida. “On U.S.1, halfway between Miami and Palm Beach, with Ft. Lauderdale minutes away, Pompano Beach Highlands offers a richer, fuller life at much less …
Continue reading “Foreclosures: How one Broward development is fighting through foreclosures”
A few years after losing $1 billion in the real-estate crash, Jorge Pérez and his Related Group of Florida are planting seeds for new projects near the felled stumps of the old. In the Journal earlier this week, we profiled Mr. Pérez , the “condo king of Miami” who, despite losing two of his trophy …
Continue reading “Is the Condo Revival in Miami the Real Thing?”
Boxing promoter Don King has relisted his more than three-acre oceanfront property in Manalapan, Fla., south of Palm Beach, for $20 million. The gated estate, which contains two homes, was originally offered in early 2009 for $27.5 million. Mr. King took it off the market last summer. The larger of the two homes has nine …
Continue reading “Don King, Mel Gibson and the ‘Home Alone’ House”
Ms. Wennerstrom owns seven properties in southeast Toronto, two of them with partners. She bought her first house at 24 and has been flipping them since. But Ms. Wennerstrom, who quit her job in sales and marketing at a frozen food company nine months ago, has perfected a more patient version of the flip. Like …
Need some advice on dealing with a homeowner’s association? Is a short sale your best option for unloading your home? Lawyer and real estate consultant Gary M. Singer will answer your housing questions in this space each Friday. To ask Gary a question, click here. Q: We took out a reverse mortgage three years ago. …
Continue reading “Ask a real estate pro: What happens if I walk away from a reverse mortgage?”