The Real Estate Orange » In The News

Margaritaville on Hollywood Beach, Fl: Closer to Reality

ellenwindheim — Sat, 24 Dec 2011 13:59:35 +0000

Hollywood Broadwalk before Transformation

The 5 acre site between Johnson and Michigan Streets in Hollywood Beach is being redeveloped with a 349 room luxury resort. The permits have now been approved and include a 1600 sq ft Bar and Grill on the Intracoastal with dock space for boats, a convention hall, retail, restaurants, spa and fitness, etc.

Slated to open in 2014, its part of the upgrading and transformation of Hollywood Beach.

The beach itself is also getting a facelift: 124,000 tons of sand is being brought in from near Lake Okeechobee to restore parts of north and south Hollywood Beach.

All good news for real estate investment in the surrounding area. Condo buildings in the immediate neighbourhood include The Summit, the Renaissance, and the Positano.

For information on any of the above, feel free to contact us at www.TheRealEstateOrange.com

The housing market in 2012: 3 predictions by Trulia

ellenwindheim — Thu, 22 Dec 2011 14:08:20 +0000

Delinquencies will go down, but foreclosures will go up. Fewer borrowers will fall behind on their payments next year, thanks to the strengthening economy and refinancings…..But many borrowers who fell behind on their payments during the housing crisis are still in limbo: That means that some delinquent loans haven’t yet entered the foreclosure process.

Rents will rise — which is a bad thing. With fewer people buying homes and more people losing their homes to foreclosures, the rental market is only going to get tighter .

Mortgage rates will inch up — which will probably be a good thing. A stronger economy will push Treasury bonds and mortgage rates up because inflation becomes more likely and investors demand higher rates to hold bond . .. Gradual economic recovery is good news for the housing market even if it means higher mortgage rates — We’ll have higher rates for a reason we can cheer.

Jed Kolko from Trulia made the above predictions: Kolko
“My crystal ball is never as crystal-clear as I’d like, but I do think that we can expect a gradual economic recovery to move the housing market a few steps back toward normal in 2012.”
Summarized from report in the Huffington Post

Obama, Buffet and Me

ellenwindheim — Fri, 05 Jun 2009 19:25:04 +0000

So you’re wondering what do Warren Buffet, Barack Obama, and Ellen Windheim have in common? I recently received an email from a friend commenting on the success of many of my Columbia University alumni, including Buffet and Obama. Before contacting Warren and Barack with some fantastic buying opportunities in the South Florida real estate market, I thought I should verify their educational backgrounds. I had thought that Obama was a Harvard graduate, but it turns out my friend was right: Obama did go to Columbia for undergraduate political science studies.

And, in what must be one of Harvard’s worst admission decisions, Warren Buffet was actually rejected by Harvard, and attended Columbia Graduate School. As for me, I also went to Columbia University School of Business for my Masters in Business Administration.

Tenuous connections, you might think, for networking with these superstars: the richest man in the universe (still?)and the President of the United States? Maybe, but I’m still looking forward to the next Columbia Alumni mixer.