we ve seen it the past few years. the year starts out strong for jobs and sputters out into the summer. the worry signs are there. private sector hiring was disappointing last month. the government s forced spending cuts are kicking in. we won t see the furloughs but we could see visible signs of a slowdown by hiring agencies. if there is any backstop in the economy, it s the federal reserve. policymakers have pledged to prop up the economy for the foreseeable future. i mean pumping money into the economy and keeping interest rates low. it s sort of like training wheels on the bicycle and we have a long way to go before those training wheels come off. one of the things so closely tied to the fate of the economy is home sales. housing. there s a new report saying that house flipping, it is back. wasn t that an issue before the crash? yes, and it blew my mind when this report came out. flipping is back in some of these towns where people are, a lot of them are cash purchases, flippin
collaboration on the distance, that is a wonderful thing. so brooke, it doesn t sound like she in agreement although he didn t say it outwardly, but the new tools are going to help. for depends on the job. coming up next, including speaking up, marissa meyer because of the big bonus and taylor swift, now she is making money for flipping houses? a former soviet soldier missing for 33 years has been found and we will tell you how to make a sandwich in space. the power block is next.
spending is up. i have a lot of consumer spending consumer confidence in you. thank you. well, the housing market is looking up as well for perspective buyers. house flippers are out once again. abc s cecilia vega has the story. reporter: in the latest sign that america s real estate bubble is on the rebound, greg steinberg and alexander beckett are flipping houses. they bought the two-bedroom home in los angeles and plan to fix it up and sell it fast, making a $50,000 profit. so this is the hallway that leads to the bathroom and two bedrooms over there. reporter: this was the bathroom. yes. reporter: was. four months ago this was the living room and the dining room.
wow. we re seeing new signs of positive economic growth, new numbers are out, consumer spending is up. i have a lot of consumer spending consumer confidence in you. well, thank you. the housing market is looking up with perspective buyers, house flippers are out once again. abc s cecilia vega has the story. reporter: in the latest sign that america s real estate bubble is on the rebound. greg steinberg and alexander beckett are flipping houses. they bought the two-bedroom home in los angeles and plan to fix it up and sell it fast, making a $50,000 profit. so this is the hallway that leads to the bathroom and two bedrooms over there. reporter: this was the bathroom. yes. reporter: was. four months ago this was the living room, the dining room. you can see the house is under construction, just gutted.
prison and reports no problems with his vision. and even though the color has faded a bit over the past few years, he s not sure if he will tattoo them again. either way, he is sure of one thing, if he does color them again, it won t be in the prison. what i learned from being in prison is there s a better life away from the criminal life. the enjoyment of life, being able to live it and not having to look over your shoulder all the time is great. and upon his release, boltjes started off on the right track. i got a really good job fixing and flipping houses. i was making roughly $1,000 to $1,500 a week and getting paid bank. living in these big old houses, buying a car. people that buy the houses, they re like, oh, you re the guy that was on tv or are those tattooed, or what s wrong with your eyes, are those contacts? oh, that s awesome. but he would discover for an ex-con, success can be tenuous. his fortunes turned south when he picked up side work as a tattoo artist.