“What you should know before flipping a house ConsumerAffairs Now, thanks to the popularity of cable TV reality shows like “Flip This House” the public has jumped into house flipping with both feet, hoping to make some fast money.”
“According to San Antonio's Multiple Listing Service, as of 10 August 2014, there were 156 fewer homes on the market than last year and the average price of available homes for sale had increased 7.11% from $311,226 to $333,355.”
“This updated home — for sale for $275,900 — is in a popular neighborhood near a highly-ranked elementary school. ... San Antonio is one of several Texas cities that have been growing quickly since the recession ended.”
Despite numerous reports indicating that there has been a deep decline in foreclosure inventory over the past several months in many markets, the reality, as chronicled in several articles recently penned by this author and others, is that foreclosure rates are very likely to rise again in the not-too-distant future.
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