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Orlando housing: As Baby Boomers die, area may have too many excess homes

Over the next 20 years more than a quarter of the nation’s currently owner-occupied homes will be on the market as owners pass on with Orlando being one of the top impacted areas.




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As Chicago’s building boom continues, new nonprofit aims to train women and minorities for construction trades

Major players in commercial real estate, construction and organized labor are teaming up with the United Way to try to place thousands of and minorities into trade careers in Chicago, where there is both a shortage of skilled labor and a dearth of jobs in swaths of the city.




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Los Angeles mansion sells for about $150M, sets state record

A Los Angeles mansion built in the 1930s and seen in the credits for the TV show "The Beverly Hillbillies" has been sold for about $150 million, the highest home price ever in California.




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Artwork as a selling tool: Condos seek sales boost from paintings and sculptures

Facing signs of a slowdown in South Florida real estate sales, developers are increasingly incorporating art into their sales pitches to sell multimillion-dollar single family homes and oceanfront condo towers. Here's a look at how it works.




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‘Windy City Rehab’ team facing multiple lawsuits, adding to HGTV show’s troubles

There’s more trouble for the team behind the popular HGTV series “Windy City Rehab.” Though Season 2 is expected to premiere later this year, the TV stars face multiple lawsuits, and they are starting to turn on each other.




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Tom Brady looks to score in the Massachusetts housing market

Tom Brady is moving up and down the field as he and the New England Patriots make another postseason run. Away from the gridiron, however, the three-time league MVP is still looking to score big in the real estate market.




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Small home living: not ‘downsizing’ but ‘right-sizing’

With the current trend toward de-cluttering and downsizing, there are plenty of books about how to winnow down possessions to the few that are truly necessary and loved. This book shows how you can live well once that's done.




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Smells impacting sales, rules against growing: How the real estate market is influenced by legal marijuana

A new National Association of Realtors report revealed the ways that legalizing marijuana has impacted real estate.




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Ousted WeWork co-founder Adam Neumann selling Manhattan penthouse for $37.5 million

Billionaire Adam Neumann, who was ousted from WeWork after the company’s botched attempt to go public last year, is selling a swanky penthouse in Manhattan’s Gramercy Park neighborhood for $37.5 million. The 41-year-old Israeli entrepreneur, whose unorthodox management style made shocking headlines in recent months, reportedly combined a four-bedroom penthouse and a three-bedroom apartment that he bought in 2017 into a massive three-story unit.




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Sober homes face challenge of finding welcoming neighborhood

As important as sober homes are to the effort to address a statewide crisis at the local level, many neighborhoods prefer not to be a part of that mission.




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Smart Moves: Tips to avoid being house-poor

Demand for first-time homeownership is surging as many late-blooming millennials are finally seeking to settle down. But in some ways, their timing couldn’t be worse. That’s because entry-level homes are in severely short supply, and prices are still ascending.




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First signs of disruption appear in housing; markets ‘calm’

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace.




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Real estate deals tap technology for virtual tours, closings | Photos

Thanks to virtual tours, online mortgage applications, remote notarization and tech tools like Facetime, real estate agents in South Florida are still conducting business these days.




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Canceled open houses and virtual home tours. Realtors pivot amid pandemic to keep selling homes

Locally, the housing market got off to a great start at the beginning of the year, and all signs seemed to point to a bright spring season. And then the coronavirus struck.




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US home sales plunge 8.5% in March, and it may grow worse

U.S. sales of existing homes cratered 8.5% in March with real estate activity stalled by the coronavirus outbreak.




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Virtual tours? A buyers’ market later? How coronavirus is affecting South Florida real estate.

A look at how real estate in South Florida has been affected by the coronavirus pandemic, from virtual tours and technology playing larger in the home-buying process to how the market is expected to react.




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3D office tours grow in popularity as coronavirus brings in-person visits to a halt

Truss, a Chicago-based real estate technology firm, is seeing increased interest in its 3D virtual office tours during the coronavirus pandemic.




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‘Be prepared for the Wild West’: As real estate’s busy season winds up, here’s how to buy or sell a home during the coronavirus pandemic

Real estate data suggests the market took a downturn in March that might already be rebounding. Here's what experts predict.




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Australian jockey banned for head-butting fellow rider

Australian jockey Luke Tarrant has been given a six-month ban after head-butting fellow rider Larry Cassidy during an altercation at Doomben.




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BHA outlines blueprint for potential return to racing

A restriction on field sizes to 12 runners per race and the use of only senior jockeys both feature in the latest plans for the potential resumption of racing in Britain.




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O'Brien to stoke old fires as Rekindling rejoins yard

Joseph O'Brien is keen to start off slowly with Rekindling after welcoming the 2017 Melbourne Cup winner back to his yard.




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Southern Legend edges Beauty Generation in Hong Kong

Southern Legend denied Beauty Generation in a thrilling renewal of the FWD Champions Mile at Sha Tin.




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French racing exempt from ban insists authority

Racing remains on course to return in France on 11 May despite French prime minister Edouard Philippe announcing on Tuesday that professional sport would not restart before September.




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Ruby Walsh believes racing can work behind closed doors

Ruby Walsh believes enforcing social distancing should not prove too much of an issue when racing eventually resumes.




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German racing return postponed

Monday's planned resumption of racing in Germany has been delayed, with the opening eight-race card at Dortmund postponed.




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Proposed plan for British racing takes shape

Two bumper weekends of Classic trials could take place at the end of May under the "best-case scenario" planning for the resumption of racing in Britain.




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Racing in France gets green light to resume

Racing in France is poised to return as planned on Monday after the Paris police gave permission to resume racing at ParisLongchamp.




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Racing to resume in Germany on Thursday

Racing in Germany will restart at Hanover on Thursday after being given clearance from the authorities.




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Hanover card kicks off German racing's return

Majestic Colt landed the first Listed prize of the German season as racing sparked back to life at Hanover on Thursday.




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Government sets 29 June return date for racing

Horse and greyhound racing is not due to resume until 29 June according to the Department of Agriculture, though Horse Racing Ireland remains hopeful restrictions will be lifted earlier.




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French racing to return with magnificent Monday card

Victor Ludorum heads eight declarations for Monday's Prix de Fontainebleau at Longchamp.




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Rangers hit back as row with SPFL continues to rumble

Rangers have accused the Scottish Professional Football League executive of withholding vital information before clubs voted to end the lower-league season and potentially the Premiership campaign.




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City star Walker believes he is being 'harassed'

Kyle Walker claims he is being "harassed" after admitting that he breached lockdown rules to visit his sister and parents.




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Son proves a sharpshooter during national service

Tottenham forward Son Heung-min will return to London next week after completing a three-week stint of national service in South Korea, where his aim with a rifle proved just as good as accurate as his shooting on the field.




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Rangers' Robertson an isolated figure in SPFL row

Rangers managing director Stewart Robertson has been accused of making "baseless, damaging and self-serving attacks" by his fellow Scottish Professional Football League board members.




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A Multi-Risk SIR Model with Optimally Targeted Lockdown -- by Daron Acemoglu, Victor Chernozhukov, Iván Werning, Michael D. Whinston

We develop a multi-risk SIR model (MR-SIR) where infection, hospitalization and fatality rates vary between groups—in particular between the “young”, “the middle-aged” and the “old”. Our MR-SIR model enables a tractable quantitative analysis of optimal policy similar to those already developed in the context of the homogeneous-agent SIR models. For baseline parameter values for the COVID-19 pandemic applied to the US, we find that optimal policies differentially targeting risk/age groups significantly outperform optimal uniform policies and most of the gains can be realized by having stricter lockdown policies on the oldest group. For example, for the same economic cost (24.3% decline in GDP), optimal semi–targeted or fully-targeted policies reduce mortality from 1.83% to 0.71% (thus, saving 2.7 million lives) relative to optimal uniform policies. Intuitively, a strict and long lockdown for the most vulnerable group both reduces infections and enables less strict lockdowns for the lower-risk groups. We also study the impacts of social distancing, the matching technology, the expected arrival time of a vaccine, and testing with or without tracing on optimal policies. Overall, targeted policies that are combined with measures that reduce interactions between groups and increase testing and isolation of the infected can minimize both economic losses and deaths in our model.




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Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health? -- by Sangmin Aum, Sang Yoon (Tim) Lee, Yongseok Shin

We construct a quantitative model of an economy hit by an epidemic. People differ by age and skill, and choose occupations and whether to commute to work or work from home, to maximize their income and minimize their fear of infection. Occupations differ by wage, infection risk, and the productivity loss when working from home. By setting the model parameters to replicate the progression of COVID-19 in South Korea and the United Kingdom, we obtain three key results. First, government-imposed lock-downs may not present a clear trade-off between GDP and public health, as commonly believed, even though its immediate effect is to reduce GDP and infections by forcing people to work from home. A premature lifting of the lock-down raises GDP temporarily, but infections rise over the next months to a level at which many people choose to work from home, where they are less productive, driven by the fear of infection. A longer lock-down eventually mitigates the GDP loss as well as flattens the infection curve. Second, if the UK had adopted South Korean policies, its GDP loss and infections would have been substantially smaller both in the short and the long run. This is not because Korea implemented policies sooner, but because aggressive testing and tracking more effectively reduce infections and disrupt the economy less than a blanket lock-down. Finally, low-skill workers and self-employed lose the most from the epidemic and also from the government policies. However, the policy of issuing “visas” to those who have antibodies will disproportionately benefit the low-skilled, by relieving them of the fear of infection and also by allowing them to get back to work.




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Which Workers Bear the Burden of Social Distancing Policies? -- by Simon Mongey, Laura Pilossoph, Alex Weinberg

What are the characteristics of workers in jobs likely to be initially affected by broad social distancing and later by narrower policy tailored to jobs with low risk of disease transmission? We use O NET to construct a measure of the likelihood that jobs can be conducted from home (a variant of Dingel and Neiman, 2020) and a measure of low physical proximity to others at work. We validate the measures by showing how they relate to similar measures constructed using time use data from ATUS. Our main finding is that workers in low-work-from-home or high-physical- proximity jobs are more economically vulnerable across various measures constructed from the CPS and PSID: they are less educated, of lower income, have fewer liquid assets relative to income, and are more likely renters. We further substantiate the measures with behavior during the epidemic. First, we show that MSAs with less pre-virus employment in work-from-home jobs experienced smaller declines in the incidence of `staying-at-home', as measured using SafeGraph cell phone data. Second, we show that both occupations and types of workers predicted to be employed in low work-from-home jobs experienced greater declines in employment according to the March 2020 CPS. For example, non-college educated workers experienced a 4ppt larger decline in employment relative to those with a college degree.




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Off-duty FDNY firefighter busted for DWI after found sleeping in parked car

Police discovered firefighter Lenzell Ross, 28, snoozing in his parked Tesla on the side of the Belt Parkway near Shore Parkway in Lindenwood about 2:30 a.m., authorities said.




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Gambino capo, 10 cohorts picked up on federal racketeering conspiracy, loansharking, bribery charges

Veteran captain Andrew Campos, 50, was arrested only months after a search warrant uncovered multiple photos of the mobster and co-defendant Richard Martino making prison visits to imprisoned Mafioso Frank LoCascio, once the underboss to the infamous “Dapper Don” Gotti.




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Defense lawyer, in closing arguments for 2016 slaying of beloved Brooklyn pizzeria owner, insists prosecutors failed to prove their case

Attorney Javier Solano, in his final jury address Friday, insisted there was a “piece that didn’t fit” in the prosecution’s presentation against murder suspect Andres Fernandez in the June 30, 2016, shooting of Louis Barbati.




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Shocking claims of racism, other misonduct by high-ranking NYPD cops emerge in ‘collar quotas’ case

The city withheld explosive allegations of racism against two high-ranking NYPD cops accused of demanding arrests of black and Hispanic people, an attorney charged Friday.




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SEE IT: Home invader with knife walks through sleeping man’s home in Brooklyn

Creepy video of an intruder with a knife roaming through a sleeping man’s kitchen in Brooklyn was released by police Sunday night.




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Suspect with knife captured on video in sleeping man’s home may have also slipped into Brooklyn building: police

Cops are looking into the possibility a man who stalked through a Brooklyn home with a knife may have trespassed through another nearby location the night before.




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Brooklyn teen accused of swiping more than $1 million from dozens of victims in cryptocurrency scam

Yousef Selassie, 19, pleaded not guilty to first-degree grand larceny, identity theft and other charges at his Manhattan Supreme Court appearance for the lucrative scheme that operated from January through May this past year.




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Angry customer broke glass door at Junior’s Restaurant in Brooklyn, then fled in BMW: police

An angry man broke a glass door at Junior’s restaurant in Brooklyn before fleeing in a BMW, police said Wednesday.




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Man fatally shoots girlfriend, breaks his leg in leap from Brooklyn building

The 33-year-old woman was shot in the chest and leg by the man in an apartment on Rockaway Pkwy. in Brownsville.




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Vision uh-oh: Two more pedestrians killed by vehicles in Manhattan and Brooklyn, capping off deadly three days across NYC

The Friday morning deaths capped off a deadly three days across the city.




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Man shot during fight inside Brooklyn subway station

The incident happened around 4:30 a.m. on the southbound platform for the B and Q trains inside the 7th Ave-Flatbush Ave. station in Park Slope.




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SEE IT: Gang abducts man, shoots at his friend in Brooklyn abduction-robbery

The suspects jumped one of the victims near Herkimer St. and Nostrand Ave. in Bedford-Stuyvesant about 3 a.m. Dec. 21.