Friday, February 07, 2014

Meanwhile, back at the farm, flipping is BACK!

Home flipping is back in a big way

Oddly, this sign of real estate madness isn't considered to be a bad thing. But certain observations about the general economy hold true here as well: Upscale is doing well for itself.
More expensive homes were especially popular with home flippers, as sales made up of flip-related sales from homes valued at more than $400,000 were up 36% last year. Sales of less valuable homes bought and sold within six months were up 16% over the same period.

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