By Associated Press NANTUCKET, Mass. – Developer Stephen Karp, who already owns four inns on Nantucket, has bid $55 million for at least 48 additional retail properties in the resort island’s downtown area. If the deal is approved by the limited partners who currently own the properties, at least 50 percent of all downtown commercial [...]
How Cheap Dollars And Cheap Flights Are Bringing Average Joes To A Market Near You. By Rana Foroohar Newsweek International May 2 issue – Property, like politics, used to be local. After all, what demands more on-the-ground knowledge than buying a home? But over the last few years real estate has gone global. Already, there’s [...]
Beauty may be in the eye of the beholder, but defining what makes a luxury home luxurious depends on more than just your eye. Though personal taste is still the most important factor in finding a luxury home, what makes something a ⦡mp;#8364;œluxury⦡mp;#8364;? home depends on a number of factors. According to several Boston area [...]
Stephen Karp, owner of Nantucket Island Resorts hotels and president of New England Development Corporation, may soon become the largest holder of local commercial properties if he goes through with a deal to buy numerous properties owned by Sherburne Associates Realty Trust, amounting to better than 70 percent of the Winthrop Financial Associates€™ portfolio. Though [...]
These days the mantra in the real estate world is: Buying beats renting. And when it comes to vacation homes, Americans have been in a buying mode–but that doesn’t mean the rental market is taking a dive. Second-home sales swelled last year, according to a study released recently by the National Association of Realtors. Sales [...]
Just got the word – we’ve gone from 350 vacation rental listings to over 700 in one year. And the website hasn’t crashed once with the added stress (although we have a few times)
Ask An Agent Have a real estate related question? Why not ask a real estate professional. Here is where you post any and all real estate related questions that you may need answers to, Im sure there are more then a few agents that will be happy to reply. Real Estate Investment This forum discusses [...]
€˜Appraisal inflation€™ a worry for housing experts By Jane Wells It is often referred to as €œappraisal inflation€ and it could be the dirty little secret of the housing industry. advertisement The practice €” when real estate appraisers bend the numbers to satisfy clients and stay in business €” is a growing problem, according to [...]
A new analysis shows that cash-strapped state and local governments have increasingly come to depend on property taxes to fill revenue shortfalls as other sources of income soured. Though not an unexpected trend during economic downturns, the reliance on property taxes has lasted well beyond the end of the recession of 2001. Economists say it [...]
Some 930,000 new houses were sold in America last year, most of them variations on only a few basic themes. There are good reasons for this: Builders figure Colonials, capes and other traditional styles have the broadest market appeal. With an modern and unusual house design consider the following: Expect to be able to borrow [...]
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