Home flipping has increased according to a publish report from RealtyTrac shows 179,778 U.S. single family homes and condos were flipped in 2015. Counter to the national trend, the share of homes flipped in 2015 was above 2005.
The problem with a rise in home flipping is that these sales artificially inflate home prices, making housing even less affordable for buyers and increasing the risk of a bubble.
The market with the sharpest rise in home flipping was Boise, Idaho where levels were 85% higher than in 2015.
This is the BEST time to SELL a home quickly. Sellers looking for the fastest possible sale in the Spring Season should go for May 1 to 15. That’s according to new research from Zillow which found that homes listed in that 2 week period sell an average 18.5% faster and for a price of around 1% more. The key is waiting until inventory falls later in the season as the housing market is heavily influenced by low inventory. By listing homes further into the shopping season, sellers may attract buyers who are increasingly eager to purchase and maybe willing to pay a premium for the home.
Lee County Florida inventory is low at the present time. Homeowners who have been thinking of selling now is the time. Contact me for a FREE evaluation of your home.
If I can help you or anyone you know needing real estate advice, please don’t hesitate to contact me.
Donna Bishop Realtor phone; 239-560-3149 or email; firstname.lastname@example.org