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real estate

Real estate ‘mentor’ sued for fraud after house flip failure

in Local Courts by

A lawsuit has been filed against a local real estate company for allegedly scamming two local Realtors out of $35,000. The suit, filed by two University of South Florida alumni, alleges Tampa business owner and real estate agent, Juan Carlos Gonzalez, misrepresented himself when agreeing to be their mentor. Gonzalez took a $30,000 investment from the plaintiffs and promised to split the profits evenly from the sale. Gonzalez has failed to uphold his end of the contract. The plaintiffs, Benjamin…

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Prices for Pinellas homes, condos went up in June, Realtors say

in The Bay and the 'Burg/Top Headlines by

The median price for a single family home in Pinellas was up 18.9 percent in June when compared to the same month last year. Figures released by the Pinellas Realtor Organization show the median price for a single family home in June was $220,000. That’s up from $185,000 in June, 2015. The amount is a new high when compared to figures from the past 12 months. Median prices during the June 2015 through May 2016 period ranged from a low…

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Trump University plaintiff seeks to withdraw from lawsuit

in 2017/Top Headlines by

Tarla Makaeff has had enough of Donald Trump after spending six years fighting him in court. The Southern California yoga instructor wants to withdraw from a federal class-action lawsuit that says Trump University fleeced students with an empty promise to teach them real estate. Her lawyers said the Republican presidential front-runner and his team have put her “through the wringer” and made the prospect of a trial unbearable. A judge will consider the request Friday, four days before Florida and…

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Gloomy outlook keeps Florida consumer sentiment flat in Feb.

in Statewide/Top Headlines by

Despite recent good news in the national economy, Floridians’ expectations about personal finances in the coming year were pessimistic, especially among women and people 60 and older, according to the latest University of Florida consumer survey. Consumer sentiment among Floridians fell slightly in February to 91.5—down almost one point from January’s revised reading of 92.4. Among the five components that make up the index, three increased and two declined. Perceptions of the personal financial situation now compared with a year…

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As wealthy Brazilians snap up Miami real estate, few benefit

in Apolitical by

Facing a teetering economy at home, wealthy Brazilians have been pouring money into what they increasingly see as the safest place to invest: South Florida real estate. So are Argentinians, Colombians, Mexicans, Venezuelans, French and Turks — almost anyone with money to shelter, a direct flight to Miami and a shaky economy to flee. Their cash has helped drive the latest twist in Miami’s ever-evolving transformation — from a 19th-century rail stop to a tourist-and-retiree hub to a haven for…

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Consumer sentiment drops in December amid personal finance concerns

in Statewide/Top Headlines by

Consumer sentiment fell slightly in December to 90.2, down almost 1 point from November’s revised reading, but 2.6 points higher than last December, according to the latest University of Florida consumer survey. Among the five components that make up the index, three declined, and two increased. The perception of the personal financial situation now compared with a year ago dropped 7.3 points to 79.6. The expectation of personal finances one year from now fell one-tenth of a point to 98.4.…

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Florida consumer sentiment ticks up in November in time for holiday sales

in Statewide/Top Headlines by

Consumer sentiment among Floridians rose more than 2 points in November to 91.5, up more than 5 points compared with November last year, according to the latest University of Florida consumer survey. Among the five components that make up the index, four increased and one declined. Perception of personal finance now compared with a year ago showed the greatest increase, surging 6.4 points to 86.2. While all income groups had improved readings regarding personal finances, the increase was particularly strong…

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