Mar 19th 2010 8:30AM
If house-flipping -- the process of buying homes with the sole intention of reselling them shortly after at a profit -- defined the height of the housing bubble, then one recent deal suggests that this particular real estate beast is not quite dead yet. On March 5, a buyer purchased 19 units in a Miami condo development... Continue Reading »
Feb 3rd 2010 11:59AM
Holy flippin' real estate deal! Who says the age of the big-time property flip is over? Certainly not Guy Metcalfe, co-head of Morgan Stanley's real estate investment banking group. (And he would know, wouldn't he?) Metcalfe and his wife, Lisa, just laid down $6.125 million for a 3,100-square-foot co-op apartment at 90... Continue Reading »
Jan 22nd 2010 4:20PM
HUD is flip-flopping on its own flipping policy. Starting Feb. 1, the housing agency is temporarily lifting its ban on selling FHA-insured homes in fewer than 90 days. The ban was originally intended to discourage flippers. By lifting it, the housing agency is hoping to help stabilize home values and improve conditions in... Continue Reading »
Jan 8th 2010 10:14AM
For a while, home buyers had it good: Nose-diving prices, tax credits for repeat and first-time buyers extended into 2010, incentives from builders and concessions from sellers. But with many markets bottoming out around the U.S., property virgins and pros alike are bumping up against a growing wave of formidable rivals:... Continue Reading »
