House Flipping Returns To The Market

According to a newly released report from RealtyTrac, investors who flip houses are making a comeback. House flipping occurs when investors purchase a home with the intention of re-selling the house for a higher price within a six-month time frame. The report showed that, in the last two years, house flipping has increased by 74% in the United States. House flipping was, in the past, blamed for the housing meltdown of 2004-2008, but experts are not expecting any repeat. Mark Goldman, real estate finance professor at San Diego State University said, “the symptoms that caused that problem no longer exist. There was a lot of stupid money in the market. Anybody could borrow, zero-down loans are gone.” More here

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