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In America we generally like things which are super. Bring on the Super Bowl, supersize lunch, and of course tell us about the super-rich. There is one big exception: mention the term “Superfund site” and the instant image involves unusable land laced with chemicals that oozes rusty bolts and probably emits nuclear radiation. P1 FROM POLLUTION TO PROFITS: HOW SUPERFUND SITES IMPACT REAL ESTATE Over the past decade, the housing industry has answered the increased demand for communities where people of the same age and lifestyle all live within the same footprint. However, recent research suggests that while 50 percent of baby boomers want to live with people their same age, the other half prefer to be surrounded by people of all ages. P8 MY TAKE: WHY BOOMERS AND MILLENNIALS ARE FINDING THEIR PLACE IN THE SAME NEIGHBORHOODS Home flipping reached a new 10-year high of more than 193,000 in 2016 while average gross home flipping profits reached a new all-time high of more than $62,000 per home flipped for the year. That average gross profit represented an average ROI of 49 percent per flip, but there were eight states with an average gross flipping ROI of more than 70 percent. P12 BIG DATA SANDBOX: STATES WHERE FLIPPING IS KING
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P13 THE DENSIFICATION OF LA LA LAND
Some of the symptoms of the last housing bubble are beginning to re-appear in the Los Angeles market, but most local experts believe this housing boom is built on a much more solid foundation of more jobs and higher wages pushing up prices on a constrained supply of housing. To ease that supply, developers are increasing turning to small lot subdivision projects that provide higher density housing.
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Among 5,625 U.S. zip codes with at least 10 homes flipped in 2016, there were 39 zip codes where at least 20 percent of all home sales during the year were home flips, including zip codes in Texas, Tennessee, Florida, California, Ohio, Virginia, Pennsylvania, Missouri, Washington, the District of Columbia, Maryland, New York and New Jersey. P23 DATA IN ACTION: 20 HOTTEST HOME FLIPPING ZIPS
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