All posts tagged "Residentialrealestate"

MIAMI -- Between “rain bombs” and drenching from no-name storms, hundreds of homes in South Florida have experienced damaging flooding in the last year alone. But an exact count of flood-prone homes in South Florida — and where and how often they flood — has been all but impossible to pin down. Newly released data from the Federal Emergency Management Agency puts some hard numbers to a problem that climate change promises to make worse in the coming decades. Thousands of homes across the state have endured water damage more than once. It’s a number that is growing across the state, in part bec......

SURFSIDE, Fla. — Surfside Mayor Shlomo Danzinger traveled to Dubai late last year to meet with the developer hoping to bring ultra-luxury condos to the site of the Champlain Towers South collapse, an unusual trip for a small-town mayor that several town officials and victims’ family members said they knew nothing about. Danzinger said he met in late October with Emirati billionaire Hussain Sajwani to discuss the possibility of placing a memorial to the 98 collapse victims at least partially on the site. DAMAC Properties, the company Sajwani leads, gave Danzinger a tour of Dubai to see building......

Some cities and states are trying to boost Black homeownership, which dropped to a 60-year low even before the economic turmoil wrought by the COVID-19 pandemic. Black homeownership fell in 2019 to 40.6%, down from the 2004 peak of 49.7%. The rate has rebounded somewhat since then, but advocates remain dismayed at how, decades after the 1968 Fair Housing Act, Black families still struggle to become homeowners at the same rate as White peers. “To see the Black homeownership rate lower than the generation before is shocking, considering what earlier generations faced,” said Janneke Ratcliffe, vi......

Thinking of buying a home in the Bay Area? You’ll need to make at least $250,000 a year to comfortably afford it. That’s by far the highest homebuyer salary necessary anywhere in the country, and more than triple the average required nationwide income of $75,000 a year, according to a recent report by mortgage data website HSH.com. The Bay Area real estate market has long been among the most expensive in the world, and owning a home in the region has become out of reach for even more buyers during the pandemic. Over the past two-plus years, home values in the Bay Area and across the country so......

Lending new meaning to the phrase “love thy neighbor,” Bay Area churches are turning their parking lots, backyards and other bits of unused land into tiny homes for the homeless members of their communities. And one local nonprofit has made it its mission to help. Firm Foundation Community Housing, co-founded by a Presbyterian pastor, walks churches — and some secular land owners — through the daunting process of designing a tiny home community, securing city permits, applying for funding, and finding a contractor. So far, the organization has helped open tiny home villages on parking lots and......

NEW YORK — Manhattan Borough President Mark Levine once again called for expanded sanctions against Russia to allow the seizure of oligarchs’ pricey real estate holdings in New York. As the Russian invasion of Ukraine enters its second week, Levine demanded more brutal action to target cronies of strongman Vladimir Putin. “We’re still waiting for the U.S. gov’t to place the broad circle of oligarchs connected to Putin on the sanctions list,” Levine tweeted. “This is the prerequisite to seizing the ultra luxe apartments many hold in Manhattan.” “Let’s do it NOW,” he added. In the UK, home to se......