News about properties and real estate
Where ‘Buy Low and Sell High’ Are a Co-op’s Fighting Words [New York City] Morningside Gardens is a rarity in real-estate-mad Manhattan, a co-op apartment complex that middle-class New Yorkers can afford. Apartments sell for a fraction of what they would bring on the open market. For the chance to live free of a crushing …
Continue reading “Where ‘Buy Low and Sell High’ Are a Co-op’s Fighting Words [New York City]”
Housing boom cools No ‘gloom or doom’ expected in area [Pensacola Florida] The national housing boom may be grinding to a halt, but a collapse in sales and prices is not a serious threat to Pensacola Bay Area market, according to some local Realtors. In the last week, the Commerce Department reported that January sales …
Get the best deal on fixed-rate loan As the real estate market slumps, sales pressure mounts for adjustable-rate mortgage borrowers to refinance into fixed-rate loans. Plus, ads for 1% and 1 3/8% teaser rates — despite published reports of declining real estate prices — are still around. “The bait and switch is stronger than ever,” …
Ulmer’s mantra key to his rise, ruin Playing the dual roles of preacher and friend, John Ulmer unlocked the secrets of his lucrative housing empire at a Florida real estate “boot camp.” “It’s not voodoo,” he said. With dozens of eager would-be developers hanging on each folksy catchphrase, the college football player, now paunchy and …
Apartment-to-condo conversions move at frenzied pace [Central Florida] The conversions are making money for some but squeezing low-income renters. Carlos Balzola is a condo converter. He came here in late 2004, fleeing Miami’s overheated condo-conversion market because “it was crazy.” He scouted Naples, Tampa and Orlando before deciding that Central Florida offered him the greatest …
Continue reading “Apartment-to-condo conversions move at frenzied pace”
Selling the Air Above – New York Times On an island where there is often nowhere to build but up, the air in Manhattan can get pretty pricey. Air-rights deals, or the sale of unused development rights from one property owner to another, are generally considered the business of big-time developers. But in cheek-by-jowl Manhattan, …