Real Estate News

Hurricane

Fallen trees are gone but house remains the same

Hilton Head Island resident Maxine Uttal stands in her driveway Thursday, more than six months after Hurricane Matthew deposited seven trees on her Hilton Head Island home, making it uninhabitable. She is awaiting insurance adjusters but still remembers the moment when she saw her home for the first time after the evacuation order was lifted.

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.

Videos

Fallen trees are gone but house remains the same

Hilton Head Island resident Maxine Uttal stands in her driveway Thursday, more than six months after Hurricane Matthew deposited seven trees on her Hilton Head Island home, making it uninhabitable. She is awaiting insurance adjusters but still remembers the moment when she saw her home for the first time after the evacuation order was lifted.
Drew Martin Staff video
Fallen trees are gone but house remains the same 0:38

Fallen trees are gone but house remains the same

Take a look inside some of Hilton Head Island's most expensive, exclusive rentals on Airbnb and see how much they cost 0:52

Take a look inside some of Hilton Head Island's most expensive, exclusive rentals on Airbnb and see how much they cost

Charleston Mayor John Tecklenburg makes case for Senate affordable housing bill 1:30

Charleston Mayor John Tecklenburg makes case for Senate affordable housing bill

Sun City's new homes include 'super shower' option 0:39

Sun City's new homes include 'super shower' option