Robert Mullen has raised almost $1 billion to buy distressed single-family houses across the U.S. to rent. He intends to join other financial giants in taking advantage of a 29% dip in home prices since the 2006 peak and more demand for rentals for Americans who are not yet able to buy homes. Fundamental REO, […]
Tag Archives: single-family homes
Palm Beach home prices soar on estate sales
Prices of Palm Beach single-family homes soared over the past year, headed by a blast of luxury sellers looking to unload properties ahead of changes to the federal tax code. Prices averaged $5.03 million in the 6 months ending in March, a 78% gain over the $2.83 million average in the same period a year […]
Palm Beach condo sales volume jumped by $20 million in October: report
The October condominium and co-op sales in Palm Beach have increased by $20.1 million compared to the same period in 2011. The total sales of co-op and condo sales in October were $24.7 million and the co-op sales in October were $4.59 million. The single family homes that were sold had a $6.95 million increase […]