News about properties and real estate
Real estate: Market ripe for those looking for investment properties Today’s real estate market represents a tremendous opportunity for buyers who would buy a home, condo, or duplex as an investment. Interest rates are low, values are excellent, and demand for rentals in strong. Advertisement It is an excellent way to fund a college education …
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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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As real estate prices plunge across the country, investor Judah Hertz says he’s happy in low-key New Orleans In the years before Hurricane Katrina, Judah Hertz made a great wager on New Orleans. The California real estate investor bought four major office buildings downtown, transforming himself almost overnight into the Central Business District’s dominant landlord. …
‘Short sales’ help Hawaii homeowners get rid of their houses to avoid bankruptcy When Aloha Airlines shut down a year ago, Ron Verderame knew he had to escape the weight of a hefty year-old mortgage. The pilot faced a slumping real estate market and bleak job prospects, but finally, after trying for seven months to …
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Foreclosure Program Moves Forward With hundreds of homes currently in foreclosure in Hernando County, it didn’t take much impetus for county commissioners to green-light a program designed to help alleviate the situation. The board voted unanimously Tuesday to move forward with a Neighborhood Stabilization Program (NSP) that allows the county to access federal money that …
At least four South Florida home builders are finding ways to buck the downturn [South Florida] Home-building success stories are rare these days but not unheard of. Several builders in South Florida are attracting buyers by focusing on first-time homeowners, Baby Boomers and people who want a village where they can live, work and play. …