Relevant:
- Home Price Declines Accelerate in Second Quarter
- High-end homeowners now feeling the pinch
- Home Prices Rise in 88% of U.S. Cities as Recovery Gains
- Zillow: "Unsustainable" Home Price Appreciation Cooling Down
- Flippers in Burbank and the logic behind down payments. Flippers are now making their way into many cities in the region trying quick flips for six-figure gains.
2013-10-17 — thestreet.com
``According to the latest report from RealtyTrac, there were 32,993 single-family home flips -- where a home is purchased and subsequently sold within six months-- in the third quarter of 2013. That is down 35% from the second quarter of 2013 and down 13% from the third quarter of 2012.
But the number of flips of high-end homes, some with a multimillion dollar price-tag, are up sharply from the year earlier.''
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