As homebuyers jostle for a dwindling supply of houses in South Florida, local bidders are finding themselves in a growing competition with out-of-state people who are offering cash on the spot.
6 Tips for Finding a House You Can Actually Afford Money.com 1/13/2021
Rising home prices are forcing buyers to get creative.
Just take recent homebuyers Zac Alfson and his husband, Bryan Henley. They were set on buying a house in downtown Orlando last fall one with a guest room, a dedicated home office and plenty of storage space. Being near bike trails was also a priority for Henley, who’s a busy ICU nurse and avid cyclist.
When it was clear the couple wouldn’t find a picture-perfect place within their price range at least downtown, they settled for a fixer-upper instead. They’re now proud residents of the Rock Lake neighborhood, just a mile from Orlando’s center.
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Matthew Whitman Lazenby, Grant Cardone, Phil Collins, Orianne Bates, Russell Galbut, Natalie Brabner, Craig Studnicky and Masoud Shojaee (Lazenby by Sonya Revell; Getty, iStock)
The pandemic did not stop top real estate players from seeking relief through the courts or from becoming legal targets, themselves. So, there was no shortage of juicy lawsuits featuring the top names in the industry. Here are the top 10 lawsuits reported by
The Real Deal in 2020:
Bal Harbour Shops vs. Saks Fifth Avenue
The economic fallout of the pandemic is endangering one of the longest running tenant-landlord relationships in luxury retail. In early September, Bal Harbour Shops sued to evict Saks Fifth Avenue for allegedly failing to pay more than $1.8 million in rent. Saks Fifth Avenue, claiming government shutdowns associated with Covid-19 mitigation measures impacted its ability to operate and produce sales, countersued Bal Harbour Shops and Whitman Family Development�
Luxury Housing Heads Into Robust Year, With Remote Work, Vaccine Driving Trends
Luxury Housing Heads Into Robust Year, With Remote Work, Vaccine Driving Trends
Low interest rates and strong financial markets expected to keep the heat under big-ticket sales, but not for all prime housing hubs
By Beckie Strum
All Photos:
Getty Images
Demand for single-family homes, private outdoor space and enough room to work remotely will drive robust luxury home sales in 2021 benefiting some of the world’s top luxury markets more than others.
There is now ample data from around the world to support what began as mere speculation nine months ago: That the global Covid-19 pandemic would spur an unprecedented shift in lifestyle choices and housing needs, marked by an overwhelming preference for larger houses, more amenities and less population density.