Flipped Home Market Share Surpasses 2006 Levels, But Things Are Different This Time

Home / Blog / Flipped Home Market Share Surpasses 2006 Levels, But Things Are Different This Time

Posted To: MND NewsWire

Home flipping, buying a property with the intent to sell it in a short period of time at a profit, is more popular than almost ever , but a study by CoreLogic finds it has morphed into a different kind of business. Flippers are tending to hold on to property longer, and to add value rather than relying only on rates of appreciation. For the purposes of its study on the subject, CoreLogic used a two-year period to define a flip rather than the 12-months commonly employed. It did this to match the Internal Revenue Service's threshold for when real estate holdings can be considered owner-occupied and thus eligible for those capital gains exceptions. The longer holding period also makes a property eligible for the long-term rather than the higher short-term capital gains tax rate. Flipping has...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

97967322 fee9 4a3f aa25 147bbc4c6451 e206f323 2afa 4188 bc8e 1840dc8764b4 f19500cc 2d2c 43a8 9e2c 39fa2dc7eb02 d95adc3a a27c 44c9 a6ce 14456d8ac626 fc1c35b2 7671 479b 8779 f8ed7664a238 88684820 21a5 4b6e 82e5 c90907ed9fd9 a61dc6fa 80d8 41c2 a628 f8f965bf6669 1efb6794 fb82 472a 965c 6b089f5503dc d713274c 3784 4236 a309 ee170e64054e 144e5243 eddc 4120 b921 8e2a9e22b0a0 9953e31c 5d8d 4be8 9658 cc76dcbc4f9d cfe39c68 990a 43ff 9a5d 9f5efa809543 649265cb 3196 4c35 a941 9a9f0ea2f5fb 4d8b8755 306f 432a 895f aad0b7ba30a5 722170e0 44ad 43e7 b778 987036ca3921 6218dcc4 63c4 4f9d a04c 489c58dc3235 912c3ca8 6098 464d b741 f6b0ba44bd6b d025797c 5571 4878 88ef f285d5800180 33add90f f4e0 484e bad1 e2a32f9875df 44d63930 2a67 4e0e 9337 34562b35204d f8094441 989f 4dad 8143 64159a217dcc 56a22eb6 2fc3 40d8 87fd 450f9f025400 c91b2db0 6402 4ec2 8453 51ef0421e9af