By Mike Colpitts Mexican drug cartels have slowly moved money out of banks and other hiding places and into U.S. real estate investments. Federal investigators are hunting for people investing billions of dollars of drug money in the U.S. real estate market, including huge sums of cash in Florida, Texas and California. Cash purchases fuel… Continue reading Mexican Drug Money Fuels Cash Purchases
Category: Florida
Florida housing market
Olympic Foreclosure May Aid Others
By Mike Colpitts Olympic gold medal swimmer Ryan Lochte’s parents are facing foreclosure on their Florida home. But in this day an age of modern technology, some good may come out of it with a real estate website that is offering free help to other homeowners in the same situation. The website, Real Estate Investing… Continue reading Olympic Foreclosure May Aid Others
Tight Housing Inventory Slows Recovery
By Mike Colpitts A tight inventory of homes restricted by new bank foreclosure procedures and underwater homeowners unable to sell homes slows the U.S. housing market from making a swift recovery. The limited supply of existing homes listed for sale is producing multiple offers in some cities, and sluggish sales in others. Housing inventory has… Continue reading Tight Housing Inventory Slows Recovery
5 Best Beach Vacation Home Bargain Cities
The surf meets the sand in the heat of summer. Whether this is the year to buy that beach vacation home or not is another thing. If you’reconsidering the plunge, these are the best 5 beach home bargain cities to buy a foreclosure home or condo. Foreclosure News Report ranked U.S. metro areas across the… Continue reading 5 Best Beach Vacation Home Bargain Cities
Summer Home Sales Decline
By Ryan Jackson Despite record low mortgage rates and the lowest home prices in years, existing home sales disappointingly fell for the second straight month in June as consumers remain skittish about the U.S. economy to a seasonally adjusted rate of 4.37 million units. The usually busy summer selling season has gotten off to a… Continue reading Summer Home Sales Decline
Foreign Real Estate Buyers Drive Recovery
By Mike Colpitts Cash flush foreign real estate buyers are driving the U.S. housing market into a recovery, producing $82.5 billion in sales in the last year alone. International residential sales are gaining momentum and are divided between recent U.S. immigrants and non-resident foreigners who are buying a piece of America at deep discounts. Low… Continue reading Foreign Real Estate Buyers Drive Recovery
Building Fever Heats Up Miami
By Mike Colpitts A year of appreciating home and condominium values has sent developers scrambling to find land to build new developments on in Miami. The booming shape of real estate reality is flying high again in this picturesque waterfront city. The American Dream is alive and well in one of America’s great vacation spots.… Continue reading Building Fever Heats Up Miami
70 US Cities Forecast with Higher Home Prices
By Mike Colpitts Nearly mid-way through the year 70 U.S. cities housing markets are forecast to recover in 2012, and some of them are already making successful inroads on their way with appreciating home prices. The cities include five that were forecast by Housing Predictor at the beginning of the year to appreciate in value,… Continue reading 70 US Cities Forecast with Higher Home Prices
Four Million US Homes Risk Hurricane Damage
By Mike Colpitts As homeowners move to coastal areas in unprecedented numbers, more than 4 million are at risk of suffering storm damage from hurricanes, a new all-time record high, according to an industry research report. This years CoreLogic report indicates that slightly more than 4 million homes along the Atlantic and Gulf Coast regions… Continue reading Four Million US Homes Risk Hurricane Damage
Miami Heat Forward Puts Home Up for Auction
By Ryan Jackson Showing that timing is everything, Miami Heat forward Mike Miller, who is battling with his team in the east coast conference series against the Boston Celtics to get into the NBA finals, is putting his Miami mansion up for auction. Miller, whose team lost to the Celtics last night, which makes The… Continue reading Miami Heat Forward Puts Home Up for Auction