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Hello everyone, happy Saturday. I hope you all have something exciting planned for the weekend. Today we will be discussing another real estate market and if it is a profitable market to invest in. Enjoy!

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FedEx Lowers Annual Forecast Amid Economic Concerns

FedEx has reduced its fiscal 2025 adjusted earnings per share forecast to between $18.00 and $18.60, down from the previous $19.00 to $20.00 range. This adjustment reflects challenges in the industrial economy and has raised concerns about broader economic health. ​

Johnson & Johnson Commits Over $55 Billion to U.S. Investments

Johnson & Johnson announced plans to invest more than $55 billion in the United States over the next four years. This decision aims to bolster domestic operations amid potential tariff threats and underscores the company's commitment to strengthening its U.S. presence. ​

New York Fed President Highlights Economic Uncertainty

John Williams, President of the New York Federal Reserve, emphasized the high level of uncertainty surrounding the U.S. economy. He noted that the latest GDP growth forecast for 2025 has been revised down to 1.7% from 2.1%, primarily due to reduced labor-force growth from lower immigration rates.

Global Equity Funds Experience Weekly Selloff

Global equity funds faced a significant selloff this week, driven by concerns over looming U.S. tariffs and economic uncertainties. Investors are reevaluating positions amid these challenges, reflecting broader apprehensions in the global market.

Heathrow Airport Closure Disrupts Global Travel

London's Heathrow Airport experienced a closure due to a power outage caused by a fire, leading to over 1,350 flight cancellations. This incident has significantly disrupted global travel and raised concerns about infrastructure vulnerabilities.

Connswater Shopping Centre Closes After 40 Years

Connswater Shopping Centre in east Belfast has closed after over 40 years of operation. Challenging trading conditions and the departure of major retailers led to reduced footfall and ultimately receivership, marking the end of an era for the once-bustling retail hub. ​

UK Public Borrowing Surges, Exceeding Forecasts

The UK's public borrowing for February reached £10.7 billion, significantly higher than the anticipated £6.6 billion. This surge complicates fiscal planning ahead of the spring statement, potentially necessitating further spending cuts and tax increases. ​

Rising Labor Costs Prompt Potential Price Increases

A government survey revealed that nearly 37% of businesses cited labor costs as their main challenge, the highest recorded since the survey began. Increases in employers' national insurance contributions and a rise in the national minimum wage are key contributors, leading over half of the businesses to consider raising prices from April.

Recession Indicators Emerge Amid Mixed Signals

Various indicators are signaling a potential recession in 2025. US stocks have entered a correction, and while the Federal Reserve forecasts lower growth and higher inflation, policy rates remain unchanged.

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Market Snapshot:

Binghamton, New York

The Binghamton real estate market has experienced steady growth, with the average home value reaching $167,315, reflecting a 6.5% increase over the past year. Homes typically go pending in around 20 days, indicating a brisk market. The median sale price stands at $180,633, while the median list price is $170,600. Inventory levels show 108 active listings as of February 28, 2025, with 31 new listings added in the same period.​

• Median Home Value: $167,315​

• YoY Price Growth: 6.5%​

• Active Listings: 108

Deal Of The Day:

Duplex in Binghamton, NY

• Price: $75,000​

• Units: 2 (Each 2-Bed, 1-Bath)​

• Monthly Rental Income: $2,400​

• Cap Rate: 8.5%​

This duplex offers a compelling investment opportunity with a cap rate of 8.5%. Each unit rents for $1,200 per month, totaling $28,800 annually. Located near Binghamton Downtown Area, it attracts a steady stream of renters, ensuring low vacancy rates.

Those of you located in more inflated markets are probably astounded by a multi-family property coming in at 5 figures. It is truly unheard of, especially for those of us in California.

Deal Rating: 8.3/10

All I have to say is it cash flows and is definitely a “fixxer upper”.

Investment Strategy:

Wholesaling

Wholesaling entails securing a property under contract and then assigning that contract to another buyer for a fee. This method requires minimal capital and focuses on finding undervalued properties. For instance, if you contract a property for $90,000 and assign it to a buyer for $100,000, you earn a $10,000 profit. Success in wholesaling depends on strong negotiation skills and an extensive network of investors.

Current Interest Rates:

Binghamton, New York

• 30-Year Fixed Residential: 6.6%​

• 15-Year Fixed Residential: 6.4%​

• Commercial Rates: Starting at 6.5%​

Mortgage rates in Binghamton are relatively stable, with 30-year fixed loans at 6.6%. These rates influence affordability and investment returns, making it crucial for investors to monitor them closely.

Real Estate Tip:

How to Leverage Tax Incentives in Real Estate Investing

Investors can significantly enhance returns by capitalizing on available tax incentives. Programs like the Work Opportunity Tax Credit (WOTC) encourage hiring from specific groups, indirectly benefiting real estate businesses by fostering community employment and economic growth. Additionally, depreciation deductions allow property owners to reduce taxable income, acknowledging property wear and tear over time. For instance, a residential rental property can be depreciated over 27.5 years, providing annual tax benefits. Staying informed about local and federal tax incentives is crucial for maximizing investment profitability.

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Economic Conditions

Binghamton's economy is holding steady, with regional economic activity maintaining its pace. Job growth has slowed, indicating a rebalancing labor market, while inflationary pressures have moderated but remain elevated. The 2025 city budget emphasizes infrastructure improvements, new housing, and support for first-time homebuyers, signaling a commitment to community development.

Market Rating: 6.2/10

Key Takeaways:

• Binghamton Market Update: Average home value at $167,315, up 6.5% YoY.​

• Deal of the Day: $75,000 duplex generating $2,400/month rental income.​

• Tip: House hacking can significantly reduce personal housing costs while generating rental income.​.​

• Investment Strategy: Wholesaling offers a low-capital entry into real estate investing, focusing on quick property contract assignments for profit.

• Interest Rates: 30-year fixed residential mortgages at 6.6%.​

• Economic Impact: Steady economic activity with moderated inflation and a focus on community development.

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That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.