03.10.2011 - Housing market: Is this the end of house flipping?
Hard economic times fueled by Europe's sovereign-debt crisis and concerns of another US recession have slowed growth in property values and rents. Bloomberg reports that money globally earmarked for real-estate investment through 2012 fell to about $316 billion from $329 billion six months ago. The change has had a significant impact on the house-flipping market - the practice of buying houses with the intention of quickly reselling for a profit..............................................Full Article: Source
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