Home Flipping Indicates Recovery Of Housing Market

The successful return of Home Flipping in California is indicative of the housing market’s recovery. Experts are saying that recent home flipping is coming back due to low interest rates and the recent strength of the housing market. According to real estate data firm, Property Radar, the number of homes sold over recent months that have been flipped, or bought and re-sold within six months, has reached it’s highest level since 2005. Suraya interviews a home flipper and shows a home that was just purchased to flip as well as a newly completed flipped home. Suraya Fadel Reporting

Source: CBS 2 Los Angeles

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