News about properties and real estate
For the first time in at least seven years, the foreclosure rate has dipped below 2 percent in the Sarasota-Manatee region. The rate of foreclosures among outstanding mortgages in the two counties fell to 1.91 percent in October, down sharply from its peak of 12.23 percent in June 2011, according to data provider CoreLogic. While …
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The rising costs of living and housing, coupled with sluggish wage growth across Miami, are making home ownership unattainable for most low-and middle-income residents in Little Haiti, a recent housing analysis found. In its December report, the Haitian American Community Development Coalition, or HACDC, found that when compared to the rest of the city, Little …
Continue reading “Report finds homeownership ‘unattainable’ for most residents in Little Haiti”
As you schlep your ski gear to your favorite resort for the umpteenth time or search for lodging near your favorite beach on a holiday weekend, you may think how much easier life would be if you had your own vacation home. An estimated 1.13 million vacation homes were sold in the U.S. last year, …
Continue reading “10 Things to Consider Before Buying a Vacation Home”
Out-of-town buyers aren’t just snapping up Miami’s prime real estate — they’re also changing the way luxury developers build. As more out-of-towners decide they want to put down roots in South Florida rather than simply buy investment properties for the rental market, they’re asking for bigger, better, more expensive designs. Units equipped with quarters for …
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When the Hotel del Coronado won state approval in 2010 to add 144 rooms to the luxury oceanview resort, its owners agreed to write a check for more than $1 million so that less well-heeled vacationers could afford an overnight stay on the coast – in a hostel. Five years later, that hostel has yet …
Continue reading “The Coastal Act has long required affordable lodging along the coastline”
The legend of Kennedy Boulevard being the great dividing line between Cool Tampa and the rest of the city may be fading. The latest evidence? A residential boom appears imminent in North Hyde Park, a neighborhood of former warehouses and light industry just north of Kennedy that has been targeted for several new apartment, town …
Continue reading “Residential development showing North Hyde Park’s good side [Central Florida]”