Monday, August 25, 2014

Are Flipping Houses Fading? As Inventories Rise

Are Flipping Houses Fading? As Inventories Rise
Fewer Investors Are Flipping Houses as Rising Inventories Lift Home Sales, "The number of houses for sale is higher than a year ago and tamer price increases are giving perspective buyers less hesitation about entering the market," says chief economist. More people are buying homes compared to earlier in the year, and this trend should continue with interest rates remaining low and apartment rents on the rise. On homes flipped in the second quarter, Fewer single-family homes were flipped, with the percentage falling to a two-year low, according to U.S. Home Flipping Report. Yun cautions that housing affordability is likely to decline in the upcoming years, even as Mortgage Rates Sink to New Low for 2014

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