As Condos Rise in Florida, Investors Try to Flee
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As dozens of condominium towers conceived during Floridaâs real estate boom near completion, investors who snatched up units are trying to break contracts.
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And so the great real estate boom has ended. Left in its wake are anxious sellers and hopeful renters, fidgety buyers and freebie-wielding developers, deserted open houses and blocks crowded with for-sale signs, scaled-back retirement plans and first-time homes that suddenly seem within reach.
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Debt-ridden homeowners sell up to companies and rent their property back - but they can then face eviction.
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Foreign investors are buying aggressively, taking advantage of American duress and a weak dollar.
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By George Chamberlin , Daily Transcript Financial Correspondent. Rising residential real estate values have been a blessing for many households.
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Investors looking for safety from declines in the mortgage and corporate bond markets may find it in the path of a hurricane.
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Florida home manufacturer feels the pinch and decides to stay the course.
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Debt is becoming more expensive, but there seems to be no shortage of investment capital available for commercial real estate, particularly in hot markets like Manhattan.
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The commercial-to-condo conversion trend appears to have run its course, one of many signs that the downtown office market has bounced back.
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Investing in foreclosures can be lucrative, but be cautious.
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Investor's Business Daily - The flock of hurricanes that hit Florida this season is putting more pressure on forecasters to provide fast, reliable information.
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As mortgage defaults rise, more houses are being put up for auction -- and more people are seeing a chance to make big bucks. But there are risks
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Miamiâs Savoy Hotel development may be facing foreclosure, leading banks to start taking a second look at the relatively unscathed luxury housing market.
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Real estate prices depend a lot on local conditions.
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Developers are cashing in on demand for luxury housing in such spots as Russia, Bulgaria and Poland.
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Hammered by hurricanes in recent years, Pilar Benitez and thousands of other Floridians are coming face-to-face with the dark side of the U.S. housing boom.
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Some aggressive ways to buy a house can burn you later.