Analyst Warns of Market Distortion from House Flipping

first_imgAnalyst Warns of Market Distortion from House Flipping Share Agents & Brokers Attorneys & Title Companies Demand Home Prices Investment Investors Lenders & Servicers Service Providers 2013-09-20 Tory Barringer in Datacenter_img September 20, 2013 508 Views As home price appreciation continues at accelerated levels, “”John Burns Real Estate Consulting””: is warning clients in certain areas to keep in mind the artificial boosting effect that home “”flippers”” bring to the market.[IMAGE]””Home price appreciation has been so rampant, particularly in California and Florida, that flippers and get-rich-quick scam artists are flourishing again,”” said Chris Cagan, VP at John Burns. “”Just as in the mania of 2004-06, flippers make money when the party is raging, but inevitably, someone loses when the party is busted.””Using anecdotal data for prices paid, repair costs, and selling prices for flipped homes across the nation, Cagan calculated an average net profit of 32 percent, “”wildly [surpassing] the reality of the recovering market.””Part of the growth in flipping activity, he remarked, stems from its growing popularity in the media.””Flipping has moved beyond a segment of professionals working with undervalued and distressed properties; seminars, tours, and television shows encourage people to invest with flippers or to flip homes themselves. As in the boom of the previous decade, many people see easy money to be made,”” he said.Those perceived gains, however, aren’t realistic in a market in which prices are rising at 10 percent per year. Given the degree to which prices have risen due to house flipping, Cagan says smart investors must recognize the risk in the market.””Today, the fundamentals for continued price appreciation are very good in the majority of markets,”” he said. “”However, do not assume that recent successes will continue forever, and be cognizant of the fact that artificial demand–flippers flipping to other flippers is the ultimate artificial demand–can distort your market.””last_img read more

Cardiac arrest patients using newer laryngeal breathing tube may have higher survival

first_img Source: May 17 2018In a landmark study, researchers found that patients treated with paramedic oxygen delivery using a newer, more flexible laryngeal breathing tube may have a greater survival rate after sudden cardiac arrest than the traditional intubation breathing tube.Funded by the National Heart, Lung, and Blood Institute (NHLBI), the study is the largest of its kind to test oxygen delivery methods used by firefighters, emergency medical technicians and paramedics. The study was presented at the 2018 Society for Academic Emergency Medicine meeting in Indianapolis, Indiana by lead author Henry E. Wang, M.D., M.S., professor and vice chair for research in the Department of Emergency Medicine at McGovern Medical School at The University of Texas Health Science Center at Houston (UTHealth).”For over three decades, emergency medical services personnel in the U.S. have performed intubation to deliver oxygen into the lungs of cardiac arrest victims. While identical to techniques used by doctors in the hospital, intubation in the prehospital setting is very difficult and fraught with errors,” Wang said. “Our trial showed that cardiac arrest patients treated using the newer and easier laryngeal tube device may have a higher survival rate.”Sudden cardiac arrest, or loss of mechanical activity of the heart, is usually caused by a heart attack. More than 400,000 individuals are treated for out-of-hospital cardiac arrest each year, with the vast majority occurring at home, according to the American Heart Association. Studies show that only about 10 percent of people who suffer cardiac arrest outside the hospital survive. Delivery of oxygen to the lungs is a critical part of reviving a patient from cardiac arrest.Related StoriesExperts release scientific statement on predicting survival for cardiac arrest survivorsNew research links “broken heart syndrome” to cancerDon’t ignore diastolic blood pressure values, say researchersThe multicenter research study – Pragmatic Airway Resuscitation Trial – compared survival rates among 3,000 adults with cardiac arrest treated by paramedic crews from 27 emergency medical services (EMS) agencies from December 2015 to November 2016. Approximately half received the newer laryngeal tube (LT) airway, while the other half received traditional endotracheal intubation. The study (NHLBI grant UH2/UH3-HL125163) was conducted by the Resuscitation Outcomes Consortium research network and included the Birmingham, Dallas-Fort Worth, Milwaukee, Pittsburgh and Portland communities.Overall, survival was higher in the LT than the standard intubation group. In the LT group, 18.3 percent survived three days in the hospital, while in the intubation group, 15.4 percent survived three days. A total of 10.8 percent in the LT group survived to reach hospital survival, while 8.1 percent in the intubation group reached hospital survival. The proportion of patients surviving with good brain function was also higher for LT than standard intubation.”This is the first randomized trial to show that a paramedic airway intervention can improve cardiac arrest survival,” Wang said. “Based upon these results, use of the newer LT devices could result in more than 10,000 additional lives saved each year.”While additional research is needed to support the study’s findings, the researchers believe that the benefits of the newer LT airway are due to its easier technique, leading to better blood flow and oxygen delivery. They are continuing to analyze the data to gain additional insight into the study results.last_img read more