Chasing the American dream — a place to call their own Until April, the lure of an $8,000 tax credit combined with depressed real estate prices was drawing younger South Floridians to their first homes. How is first-time homeownership turning out? There have been a few surprises. Property taxes doubled. What?
Category Archives: Real Estate
Cash is king in housing market
Cash is king in housing market OK, cash never really gave up its spot on the real estate throne. But after representing 30 percent of sales handled by members of the Melbourne Area Association of Realtors in 2008, the percentage of cash deals is on the rise, representing more than 40 percent of sales last …
Closed Seville Beach Hotel to get new boutique brand
Closed Seville Beach Hotel to get new boutique brand The shuttered Seville Beach Hotel in Miami Beach will come back as a partnership between hip hotelier Ian Schrager and Marriott. The Miami Beach location, at 2901 Collins Ave., becomes just the second announced U.S. location under the boutique Edition brand. The first is scheduled to …
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Some HOAs sue or foreclose to collect dues
Some HOAs sue or foreclose to collect dues When Helen Burgess fell behind on her bills after being diagnosed with cancer, she was able to work out payment plans on her mortgage, car note, credit card and tax obligations to the Internal Revenue Service. Her neighbors weren’t so accommodating. Because Burgess was late on her …
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Home building in Southwest Florida is on the mend
Home building in Southwest Florida is on the mend After the worst year in the home building business since the Great Depression, Southwest Florida builders and their subcontractors are getting busy again. Builders in Manatee County are firing up their cement mixers and nail guns the fastest. But other parts of the region — including …
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Bulk Condo Sales Clear Supply—at a Cost
Bulk Condo Sales Clear Supply—at a Cost The financial clouds hovering over the Monteverde condominium development in Boynton Beach, Fla., were driven away in late spring when an investor bought 118 of the project’s 219 units in a “bulk sale,” a popular method of moving large numbers of condos in one transaction. But Dan Berwitz, …