Apr 10, 2019

We've all watched popular shows on HGTV like the Property Brothers and Fixer Upper. Well, according to the Wall Street Journal, House Flipping Is Back to pre- 2008 levels, but the game has changed. The hottest areas for flips are not Las Vegas and Phoenix. Birmingham Alabama, Memphis, and Philadelphia are showing the biggest profit margins on flips according to Core Logic and the Wall Street Journal. The Journal says that 10.6 percent of homes sold in the U.S. in the fourth quarter of 2018 were flips defined as having been owned for less than two years. According to CoreLogic, that’s near the level of the first quarter of 2006, when 11.3 percent of homes sold were flips and the highest fourth-quarter level in the two decades. Steve and I will review the Wall Street Journal report, then real estate Mortgage expert Mitch Boxberger joins us for a timely Q & A. You don't want to miss today's show...MASTERING MONEY is on the air!