News about properties and real estate
Some farmers refusing developers’ big dollars
Her family has lived on the Branch Ranch since the mid-1800s, long enough to be honored as one of Florida’s Century Pioneer Family Farms. It’s a program that recognizes land held in continuous ownership for 100 years or more.
“When you grow up rural it’s hard to give it up,” the fifth-generation country girl said.
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 new condominium units – many of them priced above $300,000 and some being marketed at $1 million. Waiting in the wings are projects that would deliver even more units – if developers decide to move ahead.
‘The market peaked four or five months ago’
A Q&A with three experts
Has the market peaked?
“It peaked four or five months ago.”
Real estate is definitely a good investment if you buy right. It’s already starting to be more of a buyer’s market. We’re seeing hurricane fatigue, not a majority of people but pockets of people leaving the area.
Celebrity Real Estate Wrap: Rupert Sells for $25 Mil?
Holy water tower! Rupert Murdoch might actually do it! By now we all know about the News Corp. boss’s $28 million Soho triplex loft and how much press it has grabbed.
Caution urged in ‘rent-to-own’ home contracts
Potential home buyers with bad credit can still acquire a home under a lease-option agreement, but there are many pitfalls to avoid.
In some metropolitan areas, lawn signs, telephone poles and newspaper advertisements hawk them aggressively to modest-income and credit-challenged consumers who want to buy a home. Stripped to its basics, the lease-option concept is sound: Buyers who have imperfect credit histories or insufficient cash for a down payment on a standard mortgage can rent a house for one or two years, pay a fee to the landlord for the right to purchase the property at a set price during the lease term and even have portions of the monthly rent count toward a down payment.
Real estate slump chills ‘flippers’
Get in, get out, get the next deal. That’s the code of the ”flipper.”
But with concerns rising about a slowing housing market, has the world flipped on flippers? Some analysts and brokers think so.