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Wednesday, March 4, 2015

New York Penthouse Prices Soar

New York real estate is soaring, and there's no better proof than One57.
One of the penthouses in the 1,004-foot-tall residence has officially closed for $100.5 million, making it the most expensive apartment ever sold in NYC and the first to surpass $100 million.
one57 from the sky

Read more: http://www.businessinsider.com/inside-one57s-100-million-penthouse-2015-1?op=1#ixzz3SVnhAudo

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Nat'l Real Estate Post:
Mortgage rates to stay low due to a slower world economy.
http://thenationalrealestatepost.com/barry-habib-sees-lower-rates/?
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Pending home sales in January surged to the highest level since August 2013 after a steep drop last month, according to the National Association of Realtors. -- Brena Swanson
http://www.housingwire.com/articles/33098-pending-home-sales-surge-to-highest-level-in-18-months
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Shared by Uros Kralj, minimalist house

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10 reasons the housing market could go ballistic this spring

http://fortune.com/2015/02/27/10-reasons-the-housing-market-could-go-ballistic-this spring/ by Joshua Brown
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Top 10 Housing Markets Impacted by Oil -- by Brena Swanson in HousingWire http://www.housingwire.com/articles/33092-top-10-housing-markets-impacted-by-oil-prices
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Shared and taken by Valentina Cirosola, Puglia Italy

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How Investors Create Uncertainty in the Housing Market -- by Matt Scully
http://www.nationalmortgagenews.com/news/distressed/new-uncertainty-in-housing-as-investors-seek-maximum-profits-1045551-1.html?
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Saudi Prince Lists Luxurious New York Appartment, includes 3 bullet proof panic rooms -- by Brena Swanson in HousingWire
http://www.housingwire.com/articles/33111-saudi-prince-lists-luxurious-new-york-nest-for-485m
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Shared by James Harrision, taken by Places to Visit Before You Die, Paris

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 Dr. Seuss inspired home

https://roadtrippers.com/blog/the-sad-tale-of-alaskas-whimsical-dr-seuss-house
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Last week, Fannie Mae reported annual net income of $14.2 billion and annual comprehensive income of $14.7 billion in 2014. This compares to net income of $84.0 billion and comprehensive income of $84.8 billion in 2013, which included the release of the company’s valuation allowance against its deferred tax assets. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/33034-fannie-mae-and-freddie-mac-are-better-than-ever
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Shared by Tim Moore, taken by Mahida Wahab, Venice

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“The housing recovery is faltering. While prices and sales of existing homes are close to normal, construction and new home sales remain weak. Before the current business cycle, any time housing starts were at their current level of about one million at annual rates, the economy was in a recession” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The softness in housing is despite favorable conditions elsewhere in the economy: strong job growth, a declining unemployment rate, continued low interest rates and positive consumer confidence. -- By Tyler Durden

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