Want To Be a Home Flipper? Profits Rebound, Especially in This Part of the U.S.
Getty ImagesHome flipping sure sounds glamorous: Buy a run-down home in a desirable neighborhood, fix it up, and sell it for a fat profit. HGTV has turned a whole crop of photogenic flippers into household names.After profits took a hit as the housing market slowed and investors exited the market, f
U.S. Home Sales Fall in August to the Lowest Level Since January
David Paul Morris/Bloomberg via Getty ImagesThe numbers: U.S. home sales in August fell to the lowest level since January 2023.A low number of home listings and high interest rates brought down sales of previously owned homes, which fell by 0.7% to an annual rate of 4.04 million in August, the Natio
Fla.’s Aug. Housing Market: Median Prices Rise
Single-family median price up 2% ($415K) YOY, condo median price up 6.2% ($324K). Chief Economist O’Connor: Mortgage interest rates continue to be “dominant factor.”
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