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0% - 3 % Down Payment Options are back. Is this a Sign of a Strong Comeback or Looming Bubble?

Sunday Aug 4th, 2019

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(TNS)—More Americans are taking out zero-down loans to buy a home, but not at the rate or with the risk that helped bring on the U.S. recession a decade ago. Experts say zero-down programs, through which people can purchase a house without a down payment, have become more popular since the 2008 housing crisis, creating an easier path to homeownership but posing risks if the market takes an unexpected downturn. “We didn’t have to put $30,000 down on a house, but you still... [read more]

Boca's SobelCo. to build homes in West Palm country club

Thursday Mar 23rd, 2017

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  SobelCo., a South Florida developer, will build part of the residential component at the new Banyan Cay Resort & Golf Club in West Palm Beach. An affiliate of Boca Raton-based SobelCo. completed a $10 million land deal Tuesday for 94 lots at the club off Congress Avenue and north of Palm Beach Lakes Boulevard. Tirso San Jose, a SobelCo. executive, said the single-family homes will be priced from the $500,000s to the $800,000s, likely attracting “empty... [read more]

Tommy Hilfiger spends up to $34M on Palm Beach estate

Thursday May 4th, 2017

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  Fashion designer Tommy Hilfiger paid up to $34 million on an oceanfront estate in Palm Beach. Hilfiger and his wife, Dee Ocleppo, bought the house at 100 Casa Bendita from the estate of the late English businessman Lord Anthony Jacobs and his late wife, Lady Evelyn, sources told the Palm Beach Daily News. The couple built the Mediterranean-style house in 1998. It was last listed for $39.5 million with Palm Beach broker Lawrence Moens. Linda Gary of Linda A. Gary Real Estate... [read more]

Is Lion Country Safari going to be sold?

Tuesday Jun 20th, 2017

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Lion Country Safari, which has been operating in western Palm Beach County for half a century, could be sold to an animal conservationist, a spokeswoman for the park said Monday. The owners of the drive-through safari and amusement park are weighing details of the sale — a deal that could be finalized late next month, spokeswoman Jennifer Berthiaume said. “They are working through details,” Berthiaume said. “It is possible that it will be sold …We hope to... [read more]

Minto starts building Westlake models in West Palm Beach

Monday Jun 26th, 2017

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Minto Communities began construction of six model homes at Westlake, a 3,800-acre master-planned community that became the newest municipality in Palm Beach County about a year ago. Minto expects to finish the fully furnished model homes to coincide with the grand opening of the Westlake sales center in fall. Minto’s models will serve as examples of its Cypress Collection and its Indigo Collection. The Cypress Collection encompasses homes with 14 floor plans ranging in size from... [read more]

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