0 minute readBuilder Dan Catalfumo has managed to get out from under his 2700 North Ocean condominium on Singer Island in Riviera Beach by selling the project’s unsold units in bulk. And he did it in a way that releases him from a whopping $86m mortgage – and gives him more than $25m in cash to boot.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio