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Editor: Stephen Clowney
Univ. of Kentucky College of Law

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Monday, July 29, 2013

The Return of Home Flipping

The LA Times details the return of home flipping to pre-recession levels:

After the crash, experts — in hindsight — pointed to get-rich-quick home flipping as a missed warning sign before the housing bubble burst. But whether the return of flipping constitutes cause for alarm remains a murkier question.

Many housing experts and economists say it may simply signal a healthy recovery — a quick bounce back from prices that had dropped sharply. Others see it as a sign that fast-rising markets may again be getting overheated. In Southern California, the median price has seen year-over-year increases of more than 20% in every month so far this year, according to DataQuick, hitting a record 28% in June.

Steve Clowney

http://lawprofessors.typepad.com/property/2013/07/the-return-of-home-flipping.html

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