(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]

Affordable housing developer Pinnacle sold an affordable housing complex in West Palm Beach for $19.7 million, signaling the growing investor demand for affordable housing in South Florida. San Diego-based Fairfield Residential acquired Abbey Park, a 160-unit community at 1921 Abbey Road, for about $123,000 per unit, records show. –– ADVERTISEMENT ––       The property features 11 two-story buildings with a mix of 112 two-bedroom units and 48... [read more]

Shutterstock Unless you've lucked out with a dream subsidized housing scenario or managed to scoop up a beautiful home for $1, you're probably less-than-stoked at the size of the rent check you have to cut every month. That's especially true if you live in a market where real estate prices have skyrocketed in recent years. In fact, the harsh reality is that there's not a single state, county, or city in America where a full-time worker... [read more]

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]

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]