First-time homebuyers: For many, $8,000 tax credit proves nearly impossible to get This summer, Brian Smith decided he should buy a house. The 35-year-old was in the break room at his Maitland office talking to a friend about the idea, and the timing seemed perfect. Prices were at record lows; “for sale” signs were common, …
Category Archives: Real Estate
There’s a new player in South Florida’s condo market
There’s a new player in South Florida’s condo market Starwood Capital Group will wield new influence over South Florida’s condo market after it won an auction bid for the Corus Bank condo portfolio from the FDIC. South Florida’s battered condo market just got a major new player. Starwood Capital Group’s deal to acquire a big …
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One of our best-kept secrets: Renting
One of our best-kept secrets: Renting Dear Bruce: Can you tell me your thoughts on owning versus renting? My girlfriend thinks that renting is throwing money out the door. I think that there are more costs to owning than she realizes. — Mike, via e-mail Dear Mike: I don’t know what your girlfriend is thinking …
Real estate flippers back in South Florida, but this time they could help
Real estate flippers back in South Florida, but this time they could help The flippers are back. Bolstered by swelling foreclosures and bottomed-out prices, investors are returning to the South Florida real estate market, snapping up distressed homes with cash payments for either a quick turnaround or a short-term rent-then-sell investment. Unlike the speculative flippers …
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First-time homebuyers buoy market
First-time homebuyers buoy market The housing market is getting a much-needed boost as first-time homebuyers rush to take advantage of an $8,000 federal tax credit that is set to expire Dec. 1. The incentive is helping to slow the decline in home sales. In August, sales were down 1 percent over the comparable period last …
Richard White: Complying with Florida statutes is recommended for associations
Richard White: Complying with Florida statutes is recommended for associations Question: I have written to you previously about a potential vote our condominium complex entertained to opt out of the state statute. This vote for opting out was recommended by our management company. Well, the condominium members did vote to opt out. What is your …
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