By R.A. Schuetz Published 9:32 am CDT, Thursday, June 27, 2019 Recently constructed DR Horton homes sold in Southern Colony Wednesday, June 5, 2019, in Rosharon. Recently constructed DR Horton homes sold in Southern Colony Wednesday, June 5, 2019, in Rosharon. Photo: Steve Gonzales, Houston Chronicle / Staff Photographer Photo: Steve Gonzales, Houston Chronicle / Staff Photographer Image 1 of / 128 Caption Close Image 1 of 128 Recently constructed DR Horton homes sold in Southern Colony Wednesday, June 5, 2019, in Rosharon. Recently constructed DR Horton homes sold in Southern Colony Wednesday, June 5, 2019, in Rosharon. Photo: Steve Gonzales, Houston Chronicle / Staff Photographer Investor housing purchases … [Read more...] about Investor housing purchases reach all-time in Houston
Investors buy homes
The house at 1375 Boulevard Lorraine always had what real estate people call “good bones.’’ A Craftsman-style bungalow, the house was modest — just 1,600 square feet on a single story — but it had a spacious front porch, and it sat on a corner lot atop a sloping lawn that meant passersby looked up at it from the street. It was built in 1935, when this southwest Atlanta neighborhood, known as Adams Park, was a prosperous, middle-class area. By the time an investor bought it in 2018, however, both the house and the neighborhood had fallen on hard times. Southwest Atlanta had been devastated by the foreclosure crisis, which turned whole blocks into rows of boarded-up houses and overgrown lawns. Boulevard Lorraine, with its canopy of arching trees, never fell quite that far, but it struggled. The property listing for the house called it “a great fixer-upper’’ before warning prospective buyers that it was being “sold as is.’’ … [Read more...] about Investors are flipping housing markets, and buyers are reeling
By Jeff Collins | Southern California News Group PUBLISHED: March 19, 2019 at 5:02 am | UPDATED: March 19, 2019 at 7:38 am Travis Page, owner of Clover’s Lawn Service, rakes leaves at an Opendoor house on Joltaire Way in Winchester in December. Opendoor became the fourth iBuyer to start operating in Southern California. Although iBuyers have been active since 2014, the online home-buying model didn’t reach Southern California until 2017. (Photo by Frank Bellino, contributing photographer) Southern California is relatively new to the iBuyer trend, which prefers markets with large expanses of cookie cutter tract housing to make it easier to accurately price houses. While iBuying has been in full swing in places like Phoenix for several years, the first iBuyers started working in Southrn California in 2017. In the past six months, RedfinNow expanded from the Inland Empire into Orange and Los Angeles counties. Opendoor and Zillow Offers recently announced plans to expand … [Read more...] about What’s an iBuyer? These companies will buy your home quicker, but at what cost?
JC Reindl Detroit Free Press Published 6:00 AM EST Dec 6, 2018 A Detroit real estate investor recently scored a lucrative property flip, selling for $16 million a long-vacant building near downtown that he bought 11 years ago for $2.3 million. Businessman Dennis Kefallinos this summer sold the T-shaped tower at 1401 Rivard in the city's Lafayette Park to Novi-based Ginosko Development Co. The eight-story structure, which dates to the early 1950s, once housed Wayne State University's pharmacy program and was known as Shapero Hall. It has stayed empty — and collected more than $8,900 in City of Detroit blight tickets — since Wayne State sold the property to Kefallinos in May 2007. On Thursday, Ginosko is to kick off demolition of the building to clear the way for the company's new $108-million residential development — called Lafayette West — that would feature … [Read more...] about Detroit property investor clears nearly $14M in blighted property flip
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Tim Logan Globe Staff November 19, 2018 Secret buyers of luxury real estate in Greater Boston will soon get extra scrutiny.The US Treasury Department has added Suffolk and Middlesex Counties to a program that requires people who buy homes with cash through shell companies to share their name with the government. It’s a bid to combat money laundering in high-end real estate, which critics say is becoming increasingly popular with buyers who can hide their identity behind a limited liability company or other shell entity.Such shell-company deals are legal, and there are no state or federal laws requiring public disclosure of an owner’s name. The rules, however, would require title companies to disclose to the government the identity of people who make all-cash purchases through a shell company. That enables prosecutors of financial crimes to screen for … [Read more...] about US Treasury to scrutinize all-cash home sales in Boston