For homeowners and buyers, it’s been an unexpected windfall: relief from having to pay for a traditional mortgage appraisal that usually costs between $400 and $600. The savings nationwide to consumers in just the past year alone may total tens of millions of dollars. Sounds great. But to some key players in the home financing
Investors putting money in private funds instead Investors do not seem to be feeling real estate investment trusts these days, but they still love private real estate funds. REITs are trading at a 16.4 percent discount relative to their assets, which is one of the biggest gaps ever outside of recessions, according to Green Street Advisors
Mary Montgomery’s oceanfront estate in Palm Beach sells for $37M. 3-acre property was on the market for $46M. A trust in Mary Montgomery’s name sold an oceanfront estate on Palm Beach’s Billionaires’ Row for $37.4 million — 19 percent below its original asking price. An entity shielded by prominent Palm Beach attorney Maura Ziska, 1800 South
Just Reduced Originally $549K Now Asking $524K Palm Beach turn key unit on the beach. 3 bedrooms, 3 bathrooms, split floor plan. Offers intracoastal views from all rooms. Granite counters in the kitchen, washer dryer in unit, oversized terrace, great sunset and underground parking in a boutique building. Perfect vacation apartment. See this listing Call
Americans are awash in record amounts of equity in their homes, posing the question for millions: So what do we do with it? Leave it for a rainy day or retirement? Tap into it to remodel the house? Make a down payment on a vacation condo? These are crucial financial decisions, but the abundance of
