House flippers are back in big numbers and driving up home prices
House flippers are back in big numbers and driving up home prices
Housing prices have pretty much done nothing but rise for a long time now. That hasn’t just been good news for sellers, but it’s been good news for house flippers, who are back with a vengeance. Flipping — the high-risk art of buying a house, fixing it up and selling it for a sizeable profit within a year — is at a 10-year high, according to a study out today from ATTOM Data Solutions. Could we be heading into a housing bubble?
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