News about properties and real estate
Banks auction homes at fire-sale prices [South Florida] Another sign of desperation in the South Florida housing market: banks tired of paying taxes and upkeep on foreclosed homes put 200 up for auction Saturday in Fort Lauderdale. Ranging from the most modest one-bedroom efficiency condos to five-bedroom houses worth close to a million dollars at …
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Did appraisers juice Florida real-estate market? Almost every street has one: a vacant house that sold a couple of years ago for a jaw-dropping price. It could be another example of appraiser-inflation during the overheated housing market, which saw property values soar tens of thousands of dollars with each sale. Appraisers so commonly pumped up …
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Maitland may OK rentals instead of condos [Central Florida] City leaders did not imagine a downtown full of apartments when they were planning their upscale city center. They spent years vetting plans to replace old and shuttered storefronts on U.S. Highway 17-92 with more profitable shopping plazas, office buildings and upscale condominium complexes. Yet they …
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44 Whitehall condos sell fast [Columbus Ohio] A portion of Whitehall’s most rundown housing complex was auctioned off yesterday, leaving real-estate investors smiling as they snatched up condominiums for the price of a used car. It’s not often you can find a three-bedroom, one-bathroom condo for $13,738. But this is Woodcliff Condominiums, the complex near …
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Foreclosure crisis hits home for Ann Arbor area residents Any day now, an eviction notice will be posted on the front door of Martha Behnke’s Pittsfield Township home. “It’s very scary,” she said. “I don’t know what to do next. I’m like a top that’s spinning, and when I stop, God only knows where I’ll …
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Maguire Properties Drops ‘For Sale’ Sign Due to Lack of Offers [Southern California] Maguire Properties Inc. said Friday that it scrapped plans to put itself on the block amid uncertainty in the credit markets and a lack of viable offers. The announcement fueled a 16% slide in the Southern California real-estate investment trust’s share price, …