The S&P/Case-Shiller Home Price Indices rose once again in August at their fastest annual rate in more than six and a half years, but the monthly pace continues to slow. The Case-Shiller 10- and 20-city composites each posted yearly growth of 12.8 percent over August 2012, breaking July records and setting the fastest pace for growth since…
Read more
Seattle and Portland Rank in Top 3 for Home Flipping
Investors are profiting once again from house flipping. Most of today's profits come from a growth in high-end flips of homes $750,000 or more, according to RealtyTrac’s third-quarter Home Flipping Report. Real estate investors earned an average gross profit of $54,927 on single-family flips during the third quarter, according to the report. “Increasing home prices…
Read more
