Flippers Must Choose Markets Carefully
OtherHouse flippers are in a race to take advantage of the recovering housing market, but they are carefully choosing markets that haven’t posted as large of run-up in home prices. During the first half of this year, 9 percent of single-family homes purchased were resold again within six months, according to RealtyTrac data. House flipping is increasing in areas such as New York, Washington, D.C., Chicago, and several Florida cities—areas that haven’t seen the largest home price gains recently. Meanwhile, investors are cooling to the markets in Phoenix, Atlanta, San […]
