Relevant:
- Zillow Looks to Sell 7,000 Homes for $2.8 Billion After Flipping Fiasco
- Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month
- House flipping is back, with all its opportunities and risks
- Property Flippers Are Back as Housing's Middle Men
- Home Prices Rebound And So Does Flipping
2014-08-31 — wolfstreet.com
``potential home buyers revolted against these prices. And flippers were forced to sell low, that is they could only sell at a 10% premium. And the average ROI dropped into the negative, to -9%. Red ink also washed over the Las Vegas/Paradise metro area, a former can't-lose-money-here flipper's casino, where flipping in Q2 dropped to 8% of total sales, and the average ROI was -4%.''
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