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]

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]

(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]

  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]

  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]