JACKSONVILLE, FL -- IHT Realty announces Park Place Communities (PPC) is taking a major step toward growing the stock of affordable homes in the United States.
PPC, a national real estate investment company that specializes in affordable housing, is seeking $1 million in capital to facilitate a large-scale affordable home project.
The company plans to take existing mobile homes, renovate them and sell them to qualified buyers using five-year amortized mortgages. The buyer will make monthly payments for five years at 12 percent.
BELOIT, WI — A group of landlords, including a woman running for Beloit City Council, has won a civil lawsuit against the city over its rental permit system.
The group claimed the city’s system violated the state-passed legislation from last year.
Rock County Circuit Court Judge Michael Fitzpatrick ruled in favor of the landlords in an initial order given Wednesday. The ruling shows municipalities can only require rental units to be registered for the purpose of having an authorized contact person associated on the rental property’s address.
A hip-looking website and a realistic-looking payment invoice. Real estate professionals in Florida were recently hit with a scam in which they were instructed to pay a fee to maintain their membership listing with the Florida Board of REALTORS®, but there is no such organization.
Jacksonville City Council members want to crack down on crime at rental properties by holding landlords more accountable — and the Jacksonville Sheriff’s Office is collaborating with them on a bill.
Councilman Jim Love is proposing a mandatory countywide rental registry. He said if a complex or single-family home has too many police calls, the owner or manager would have to pay a fee and meet with police to create a remedial action plan, and then follow up quarterly to see if it’s working.
Landlords sued Los Angeles in a federal class action this week, claiming a rental ordinance gives city officials and employees law enforcement-like powers that violate protections against unlawful searches and seizures.
Pasadena landlord Brandi Garris and Venice landlord Jason Teague on Wednesday also sued Los Angeles Housing and Community Investment Department, formerly known as the Housing Department. They claim that City of Los Angeles Housing Code is “facially unconstitutional,” under the Fourth Amendment, and allow city employees to seize evidence and make arrests.
The nation’s fastest-growing home values are no longer in their traditional California markets, having shifted to markets in Florida, Texas and Tennessee, according to Zillow’s latest Real Estate Market Report.
U.S. home values are up 7.2 percent over the past year, to a Zillow Home Value Index of $195,300, with some new growth leaders seeing annual home values leap by double-digits.
As Wall Street backs off of buying rental homes, small investors are picking up the slack.
As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords.
Last year, 37 percent of homes sold were acquired by buyers who didn’t live in them, according to tax-assessment data compiled in a new report published by Attom Data Solutions and ClearCapital.com Inc.
Debra Tolbert at the White Center house where her brother, Dennis Hanel, had been living.
Debra Tolbert’s brother had been battling stage four kidney failure when he died last month of a heart attack.
But a grieving Tolbert was hardly prepared for what she heard from property managers of Dennis Hanel’s White Center rental house when she tried to collect his security deposit and last month’s rent.
Her brother “violated the terms his lease” when he died, a representative of the rental and management company told her. “She said to me, ‘He’s not getting anything back,’ ” Tolbert said.
Florida's housing market wrapped up 2016 with more new listings, higher median prices and fewer sales of distressed properties compared to the year before, according to the latest housing data released by Florida Realtors®.
"This past year was marked by tight housing inventory throughout Florida, particularly in the range of $200,000 and under," said 2017 Florida Realtors® President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart. "Buyer interest was high and home sales likely would have been even stronger if there had been enough available for-sale supply to satisfy demand. Realtors across the state stand ready to help buyers and sellers understand their local housing market trends.
"Florida's economy is in growth mode, more jobs are being created and mortgage interest rates, while rising, remain at historically low levels, which will continue to spark buyer demand in the coming months."