News about properties and real estate
Tampa Bay area apartment complexes see gloom but renters see deals Like gas stations undercutting each other to the tenth of a penny, the apartment complexes up and down Gunn Highway are bidding for business. Marbrisa and nearby Lofton Place have been advertising $100 move-in specials. Across the street, St. James Crossing offers $99. And …
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Mortgage protection in case times get tough Melissa Sparks is a bit nervous about making the biggest investment of her life during the worst economic crisis since the Great Depression. So she plans to pay a one-time fee of $525 for a security blanket when she buys her first house. A program offered by her …
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Understanding the ’08 and ’09 Home Buyer’s Credits Does the tax credit for first-time home buyers need to be repaid? I have heard different stories and need to have this clarified. My son recently bought his first home. Will he receive a check for the credit, and, if so, when will he get the money? …
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For home buyers, rock bottom prices tough to pinpoint The explanation for a surge in sales of South Florida homes last month can be found in a one-bedroom condo on the 29th floor of a Brickell Avenue condo tower. The Club at Brickell Bay unit sold in 2006 for $410,000. Five days after real estate …
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Spotlight – Seeking a Monaco on Biscayne Bay [South Florida] All across Miami, images of the real estate bust are on display — in the empty condominium towers, the for-sale signs and the posted foreclosure notices. But on Watson Island, a diamond-shaped piece of land between downtown Miami and South Beach, there are big plans …
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Screws tighten on Kelly and Sarasota Bayside Beset by bank debt and eroding property values here and abroad, Irish developer and Sarasota Quay owner Patrick Kelly is contemplating filing for bankruptcy protection. Kelly’s dilemma marks the largest example to date of how the global economic crisis is seeping into Southwest Florida. While such a move …
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