News about properties and real estate
New Monroe doctrine: Find more housing People are fleeing the Keys, and it’s not because there’s a hurricane coming. There are few affordable places to live, and a task force is working to stop the exodus. Southwest Florida residents don’t need to look far to see what can happen when housing prices escalate beyond the …
Continue reading “New Monroe doctrine: Find more housing [South Florida]”
The Least Affordable Place to Live? Try Salinas In 2005, the least-affordable place in the country to live, measured by the percentage of income devoted to mortgage payments, was Salinas, Calif. The second was the Santa Cruz-Watsonville area of California. The third? Santa Rosa-Petaluma, Calif.
Powerball winner losing home in auction It’s a rags-to-riches-to-rags tale, north county style. David Lee Edwards, a laid-off laborer in 2001 when he won $42 million from a $295 million Powerball drawing in Kentucky and moved to Palm Beach Gardens, appears to have the kind of financial problems that he never should have faced again. …
Reconversion: Apartments for rent For anyone not convinced that the housing market has lost some pep, now there’s this: A growing number of the “condo conversions” that eroded South Florida’s supply of rental housing during the past two years are reopening their doors to renters.
Oceanfront Golden Beach home changes hands [South Florida] Hot Property: South Florida spotlights selected luxury home sales in Miami-Dade, Broward and Palm Beach counties. An oceanfront home in Golden Beach that was listed for $7.9 million has been sold for $3.5 million officially, as shown in public records. However, the MLS says that the five-bedroom, …
Continue reading “Oceanfront Golden Beach home changes hands [South Florida]”
A Real Estate Boom That Keeps on Giving [New York] Investors in commercial real estate have profited handsomely in the last two years or so as a stable economy, job growth and keen interest from pension funds and other institutions drive demand for properties or companies that hold them. In fact, investors who put their …
Continue reading “A Real Estate Boom That Keeps on Giving [New York]”