flippers: House-Flipping Activity Returns to Pre-Bubble Levels - 04/17/19 09:10 AM

When respected observers like the editors of Barron’s are able to report that more than 10% of the country’s residential sales are now due to house-flipping, it’s a clear indication of the continuing strengthening in flipper activity. It’s now nearly back to 2006 levels.
By definition, house-flipping is the act of selling a home that has been owned for less than two years. Back in the early 2000s, the rapid escalation of residential prices created a hard-to-resist opportunity for anyone with enough cash for a down payment. There were ample examples of inexperienced Costa Mesa do-it-yourselfers who found success and quick profits … (1 comments)

 
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Larry & Laurie Weichman

A Tradition of Success

Costa Mesa, CA

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The L3 Real Estate, A Trusted Name In Orange County Real Estate

Address: 1503 South Coast Drive, Suite 130, Costa Mesa, CA, 92626

Office: 714-444-HOME #103

Mobile: (714) 863-5739

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