In a series of weekly blogs, analysts from John Burns Real Estate Consulting remain mostly optimistic about the housing rebound, but raised caution flags about flippers.
“We are advising our clients in areas with a high percentage of flippers to take into account the risk of artificial price appreciation,” stated a company vice president. “While successful flips are more likely to be reported than unsuccessful ones, the profits described to the public wildly surpass the reality of the recovering market.”
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