Tag: California home flipping
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From gold rush to money pit: California’s home-flipping frenzy is over
California home-flippers enjoyed huge gains for almost two decades, but returns have fallen to the lowest level since the Great Recession.
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California dreaming, bidding reality: State still has some of the most competitive housing markets
Homes in some Bay Area cities like Sunnyvale and Mountain View, are moving fast — and for more than the listing price. Also, home-flipping has been a big flop for investors but rents soar.
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Home-flipping Q2 profits plummet to levels last seen during the Great Recession
High home prices and slow sales are delivering a one-two punch for home-flippers, as profit-margins slide in California.
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Best home-flipping market in California is … where?
San Jose boats the biggest day for home flippers, but the percentage gains in the Silicon Valley are almost half of what they are in another nearby valley.
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Big and quick paydays from flipping homes fade away in California
Fewer buyers and higher mortgage rates are hurdles for home flippers looking to make money. Also, new-home construction is helping pick up the slack with the severe shortage of available homes, home equity tumbles, and a Southern California mall could add some high-end housing.
