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| Participants in a $12.8 million loan program have yet to close on a single home |
| Sunday, October 25, 2009 |
| Palm Beach County has $12.8 million in federal money to lend to home-buyers in an effort to decrease surplus housing.
But a well-intentioned catch has actually stymied sales with few contracts being signed and no homes yet purchased.
Only foreclosed, vacant and abandoned houses are eligible under the Neighborhood Stabilization Program, which |
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| Housing prices continue downward spiral |
| Wednesday, December 3, 2008 |
| Single-family home prices fell at a faster pace in the third quarter after moderating earlier in the year and are now 6.5 percent below their 2007 peak, according to a new report by IHS Global Insight.
Nationwide, the housing market is now slightly undervalued. But, Florida, California and Nevada have been particularly hard hit. Twenty-nine metropolitan |
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| McCabe outlines workforce housing strategy |
| Wednesday, November 12, 2008 |
| Attendees at Wednesday's Workforce Housing meeting in Fort Lauderdale didn't know what they had done when they invited real estate analyst Jack McCabe to their party.
He offered a workforce housing strategy that he said would work immediately.
McCabe, CEO of Deerfield Beach-based McCabe Research & Consulting, was one of eight panel members |
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| Falling home prices could change county's affordable housing rules |
| Tuesday, September 30, 2008 |
| Declining home values have Palm Beach County commissioners contemplating changing affordable housing rules imposed on developers during the real estate boom.
Lowering the targeted price range and altering perks for developers who build reduced-price homes were among possibilities county commissioners discussed on Monday.
County officials plan to meet |
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| Affordable housing unaffordable in South Florida |
| Tuesday, July 29, 2008 |
| ike other affordable housing developers, Shawn Wilson wants to build hundreds of residences for South Floridians on limited incomes. Like many of his colleagues seeking financing, he's prepared for failure.
"I submitted five applications. They got perfect scores but none of them are getting funded, we are pretty sure," Wilson said after |
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| Housing crunch, 90210 |
| Tuesday, June 10, 2008 |
| Across the country, real estate agents and home sellers in wealthy neighborhoods who grew accustomed to seven-figure bidding wars during the boom are feeling the sting of the housing crunch.
Ed McMahon can vouch for that. The former Johnny Carson sidekick and TV pitchman recently saw his $5 million Beverly Hills home go into foreclosure.
In fact, |
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| The Truth Behind Florida's Housing Numbers |
| Thursday, May 29, 2008 |
| Take the latest data on the housing market crash with a huge dose of salt.
I have just finished a week-long tour of the real estate market down here, one of the worst hit parts of the country. And one of the few things I can say with complete certainty is that nobody down there knows where "the market" overall really is. In a crash like this |
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| Developers' bid to kill affordable Palm Beach County housing mandates was built on sand |
| Wednesday, May 21, 2008 |
| ISSUE: County beats back home builders' bid to kill affordable housing mandates.
Of course, home builders tried to get the 2-year-old affordable housing requirements squashed. They hate mandates, they fought particularly hard against these, and they're used to a cozier Palm Beach County Commission bending to their every wish.
The good news for |
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