News about properties and real estate
New-home prices keep falling in Orange, Osceola, Seminole [Central Florida] Prices for new single-family homes in the Orlando area continue to fall and will likely keep falling for months to come, according to the latest report by Charles Wayne Consulting Inc. in Maitland. The average price paid for a new production-built home — not a …
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Test ahead for downtown condo market [South Florida] The number of closings at downtown Miami condos has gone better than many expected, according to a new survey. But more condos will be entering the saturated market soon. Miami’s latest building boom is creating 22,000 condominium units in the city’s urban center, more than double the …
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Sky-High Loses Altitude In Gerhard Andlinger’s recently listed apartment at the Time Warner Center, high above Columbus Circle, one can sit on the Louis XVI daybed and look past the Chinese screens and the Louise Nevelson sculpture at a 14-foot-high wall of windows with priceless views of the city and its sagging real estate market. …
Foreclosed houses boost existing-home sales in Orlando area [Central Florida] Darhlene Zeanwick is in the thick of the region’s record blizzard of home foreclosures, brokering sales for banks and helping prospective buyers look for bargains. “About 38 percent of all homes on the market for sale in Poinciana are in some state of foreclosure, such …
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Meet the competition Shielded from the equatorial sun beneath an umbrella, Jim and Carol Lynch reflect on their unusual decision to move from the small town of Fayetteville, Tenn., to a suburb of this Costa Rican capital. “Look around you, man,” Jim Lynch says. “This place is beautiful.” They are among a small but growing …
Cap may make it harder to obtain mortgage The cap on single-family home loans in San Diego County that can be purchased by government-sponsored Fannie Mae and Freddie Mac will be reduced in January from $697,500 to $546,250. In a move that’s expected to make it harder for some consumers to get mortgages, the Federal …
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