Browsing All posts tagged under »Florida«

‘Ultimate Escapes’ Destination Club Files for Bankruptcy

October 19, 2010


Ultimate Escapes, one of the largest luxury destination clubs in the world, filed for bankruptcy last week, the latest blow to the struggling residence exchange industry. In a court filing, Florida-based Ultimate listed assets of $10 million to $50 million and debts ranging from $100 million to $500 million. Earlier this month chief executive Jim […]

International Buyers Spend $41 Billion on U.S. Homes in 2010, Represents 7% of Market Sales

October 7, 2010


According to a recent report from the National Association of Realtors (NAR), international property investors spent $41 billion on buying homes in the U.S. in 2010. Overseas buyers represented 4% of the $907 billion overall US market says the NAR and if you add in newly-arrived immigrants or temporary visa holders, the total rises to […]