Local Farmers Markets | Mt Kisco Real Estate


Local Farmers Markets | Mt Kisco Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

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Is this a home buyer, seller or #flipper market? | Armonk Real Estate


Pending home sales rose 3.4% in April to the highest level since May 2006. The home builder sentiment bounced back after dipping in March and housing starts jumped 20% in April from March. Home prices also rose more than expected in March; the S&P/Case-Shiller index gained 5% year-over-year in 20 cities.

Housing’s brightening outlook is welcome news, not just for homeowners but also for home flippers, said Nav Athwal, the CEO of Realty Shares, an online real estate investment marketplace. “Markets like Tampa, Miami, Jacksonville and Orlando present opportunities in terms of both available supply for flipping and also large returns…and we’ll see this trend continue,” said Athwal.

According to RealtyTrac, 4% of all single family home sales in this country in the first quarter were flips. Florida dominated the list for top markets for home flipping. But when it came to making a profit, flippers in the Baltimore area saw a whopping 94% return. “Markets like Baltimore have less supply, thus profit margins push up. Another similar market is Memphis, there’s not a lot of supply in the market, so the home flippers that successfully acquire the supply are better able to flip a profit better,” said Athwal.

 

 

Is this a home buyer, seller or #flipper market? | Armonk Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

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Living Large in Small Spaces | #PoundRidge #RealEstate


Living Large in Small Spaces | #PoundRidge #RealEstate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

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How J.P. Morgan and Barclays mistakes inflated the housing bubble | #Chappaqua Real Estate


If I had to depend on Wall Street or Washington for an explanation of what ails the U.S. financial economy, I’d probably pick neither one. My choice would be John Griffin, a cowboy boots-wearing University of Texas financial professor, who has been on something of a roll.

Six years before Standard & Poor’s agreed to pay $1.4 billion to settle state and federal government lawsuits alleging it inflated credit ratings on securitized mortgage debt, Griffin revealed—with mathematical precision—how S&P degraded its own analytical model to issue puffed-up grades.

 

How J.P. Morgan and Barclays mistakes inflated the housing bubble | #Chappaqua Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

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Distressed Sales: 10 Percent of Sales in April 2015 | Bedford Corners Real Estate


Distressed Sales: 10 Percent of Sales in April 2015 | Bedford Corners Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

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Mortgage Rates Up to 4.04% | #Bedford Real Estate


Mortgage Rates Up to 4.04% | #Bedford Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

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US construction spending up 2.2 percent in April | South Salem Real Estate


U.S. construction spending climbed in April to the highest level in more than six years, fueled by healthy gains in housing, government spending and non-residential construction.

The Commerce Department says construction spending advanced 2.2 percent in April to a seasonally adjusted annual rate of $1 trillion, the highest level since November 2008. Spending had risen a more modest 0.5 percent in March.

The gain included a 0.6 percent rise in residential construction and a 3.1 percent jump in non-residential activity such as office buildings, hotels and shopping centers. Government projects increased 3.3 percent, reflecting the biggest jump in spending on state and local projects in three years.

 

US construction spending up 2.2 percent in April | South Salem Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

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