Real Estate News

Business

The Mortgage Professor: Purchasing a house with a home equity conversion mortgage: How to do it right

One of the biggest upsides to purchasing a house with a home equity conversion mortgage is that doing so does not impose a monthly payment burden on the borrower. The disadvantage is that this type of reverse mortgage, offered through the Federal Housing Administration, will cover only about 50-60 percent of the house price, depending on the borrower's age. That means the purchaser will need to find the remaining required cash elsewhere. The most common source is asset liquidation.

Business

Why LA's construction industry relies on immigrants

LOS ANGELES – Eddie Ybarra and Francisco Martinez, both in their 40s, work side by side building the walls of two of the newest condo buildings in downtown Los Angeles. They drive pickup trucks to work, park in adjacent lots and both take their lunch break around 10 a.m. That's about all they share.

Technology

Real estate tech company attacks planning and zoning process

Efficiency isn't a word most people would use to describe a planning and zoning process, but a Miami-based real-estate technology startup wants to change that. Gridics, a real estate data and software development company, announced Thursday that it has raised a $1.1 million round of seed funding. The round was led by Dune Road Capital and included John Dyett, managing director of Salem Partners, Robert Kall, CEO and co-founder of Cien.ai, and Miami real estate developer Avra Jain.

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Videos

Miami Worldcenter's 'Jam Room'

A trio of 30-second ads showcases the tower’s 40-plus amenities, which include a boxing ring, soccer field, indoor basketball court and a karaoke-friendly rec space known as the “Jam Room.”
Paramountmiami.com
Miami Worldcenter's 'Jam Room' 0:31

Miami Worldcenter's 'Jam Room'

Offshore corporations: The secret shell game 2:24

Offshore corporations: The secret shell game

Video: Colombian drug lord Pablo Escobar's old house in Miami Beach to be demolished 0:44

Video: Colombian drug lord Pablo Escobar's old house in Miami Beach to be demolished

Don Mattingly on Marlins 4-0 loss to Pirates on Saturday 4:00

Don Mattingly on Marlins 4-0 loss to Pirates on Saturday

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