Longboat Key is only 15 minutes from Sarasota getty Florida’s Longboat Key attracts five-star luxury development. Longboat Key a moneyed enclave, neighboring affluent Sarasota is a hot property right now. In Q3 2020 closed condominium and townhome sales above a million hit 102 compared to 39 in Q3 2019. Located in both Sarasota and Manatee… More
getty In every great action movie, there’s a ticking-time-bomb element. If mortgage lending were an action movie, then rates are the time bomb. Since there’s no telling when rates will rise again, each week borrowers are either granted another chance to lock in a new low rate or the bomb blows and rates rise, destroying… More
The median price of a New York City apartment with a home office hovered around $1.3 million last … [+] spring and summer, jumping to $2.3 million in July 2020. getty After largely spending the last several months at home, New Yorkers who are still in the real estate market have certainly had time to… More
A unit in The Broad Exchange Building in Manhattan’s Financial District, likely to be one of the … [+] city’s last rental-to-condo conversions. The Broad Exchange Building It’s a common situation for New York City renters – their rental building is going condo (or, as was the case a couple of decades ago, co-op). But… More
TOPLINE The S&P 500 is officially out of its 2020 bear market after hitting a new record high on Tuesday, and the massive rebound has been led by energy, homebuilding and retail companies whose shares have more than doubled over the last five months, according to Bloomberg data. Whirlpool’s logo on the front of a… More
getty Homebuilder stocks DR Horton, KB Home, Lennar, PulteGroup and Toll Brothers are not cheap. These stocks are up between 172% and 22% since mid-March lows. DR Horton and Lennar set all-time intraday highs on Tuesday, August 18. You can be long homebuilders when their P/E ratios are 8 and lower. Today the P/E ratios… More
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