Boston condo flippers may be in too deep The Hub’s jittery condominium market faces another storm cloud: hundreds of unsold units in new condo towers that brokers and mom-and-pop investors had bought early on in hopes of flipping for quick profits. Some have exited, as planned, with thousands in windfall profits. But others may not …
Category Archives: Regional
Raleigh faces crush of condos
Raleigh faces crush of condos A coming flood of condominiums in downtown Raleigh has real estate observers wondering not if, but when, the word “overbuilt” may apply and whether buyers will stomach paying prices that are touching $300 per square foot. Under construction, or soon to be, are projects that would bring on line 500 …
Real estate market gets hotter after storm passes
Real estate market gets hotter after storm passes November brought a booming residential real estate market to parts of the New Orleans area that escaped Hurricane Katrina-related flooding, with the total value of sales climbing 50 percent over the same month a year ago, figures released Friday by a leading real estate firm show. The …
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Condo conversion craze makes finding apartments harder
Condo conversion craze makes finding apartments harder Diana Perez got the letter a few months ago: the apartment complex where she and her family live was converting into condominiums. They had to leave if they couldn’t pay a 20 percent down payment on their two-bedroom apartment, now selling for $185,000. That’s $37,000 up front on …
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21-story condo tower at N. Flagler OK’d
21-story condo tower at N. Flagler OK’d Another stretch of shoreline, another condo. The condo is the latest in hundreds of new condo units that are quickly changing the landscape along what used to be the sleepy northern edge of Flagler Drive. Earlier this year, four condo towers and retail space were approved for the …
Investors propel real estate boom
Investors propel real estate boom Florida’s favorite pastime? Not football, golf or fishing. It’s real estate, and everyone’s doing it. When Manatee Community College offers a class called “Flipping Houses” — and it is — you can bet everyone is in the tank.