Browsing All posts tagged under »Florida«

‘Ultimate Escapes’ Destination Club Files for Bankruptcy

October 19, 2010

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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

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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 […]