It's Kind Of Like Being In A Long-Term Investment

The Wall Street Journal reports on Florida. "The financial clouds hovering over the Monteverde condominium development in Boynton Beach, Fla., were driven away in late spring when an investor bought 118 of the project's 219 units in a 'bulk sale.' But Dan Berwitz, who paid $204,000 for a unit in...
Read more (73 comments)

Built On A Basis Of A Dream

It's Friday desk clearing time for this blogger. "The heart of Home Affordable Modification Program (HAMP) is that banks receiving $75 billion dollars in federal stimulus money through the Troubled Asset Relief Program (TARP) are expected to use the money specifically to help homeowners modify...
Read more (163 comments)

Be Careful What You Wish For

The Vancouver Sun reports from Canada. "First-time homebuyers in British Columbia are opting for condominiums, not houses, unlike their counterparts in much of the rest of the country, according to a report by TD Canada Trust. A lot of buyers make the mistake of wanting their first home to be their...
Read more (72 comments)

Things Can't Just Keep Going Up Forever

The Desert Sun reports from California. "Riverside County officials have announced that more than 400,000 property owners will receive notifications in the mail in July that their property's assessed value will be reduced. About 100,000 of the reduced assessments affected nonresidential properties...
Read more (53 comments)

Housing Bubble Predictions For 2nd Half Of 2010

What are your housing bubble predictions for the second half of 2010? Some from the first of the year. "I don’t think that the RE recovery will begin any time soon in FL. There is still an incredible number of foreclosures and abandoned houses that aren’t on the market. With interest rates so low...
Read more (135 comments)

So Many People With So Many Losses

It's Friday desk clearing time for this blogger. "Eleven condo buyers at Vancouver's controversial Olympic Village want to back out of their pre-sale deals. The buyers put down deposits of between $60,000 and $300,000 for False Creek condos priced from a low of $550,000 to units that sold in the...
Read more (82 comments)