Real Estate News

April 1, 2019

Condos sell for as little as $1

Many owners bought condos in Boca Raton and Delray Beach country club communities in the 70s and 80s. The low priced condos really cost more. Now membership fees that are $40,000 to over $100,000. The price of membership can drive down property values making the purchase price low ...

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Posted in Real Estate News
March 28, 2019

HUD charges Facebook with housing discrimination

Facebook is discriminating against people based upon who they are and where they live,” HUD Secretary Ben Carson said in a statement. “Using a computer to limit a person’s housing choices can be just as discriminatory as slamming a door in someone’s face.”

via Politico

Posted in Real Estate News
March 27, 2019

Trump calls to end Fannie Mae and Freddie Mac Conservatorship

The Trump administration proposes ending the conservatorship of Fannie Mae and Freddie Mac set in place by former president Obama in 2008 in a move to privatize the Government Service Entities. 

via Housing Wire

Posted in Real Estate News
March 25, 2019

Beauty Mogul Buys $43M Condo

Beauty mogul Sydell Miller, who sold Matrix Essentials in 2005, purchased a full-floor penthouse at the Bristol in West Palm Beach for $42.6 million. Miller joins residents such as former Wall Street honcho Donald C. Carter, and Arthur Loring, former general counsel at Fidelity.

via TRD

Posted in Real Estate News