The Expected Housing Recovery Faces a Brick Wall
Posted on January 31, 2013 at 16:52 PM EST
Re-emergent house flippers are set to flop. In 2005, a mania for residential real estate reached such a fever pitch that a series of cable television shows became entirely devoted to house “flipping.” Flipping involves buying a worse-for-wear house, making the minimum repairs necessary, then turning right around and selling it – ideally for [...]