House flippers and investors are making up a large portion of the struggling housing market, NPR reports. NPR cites housing data that shows one-third of home sales in July were all cash. That means a good portion of home sales were from investors and flippers. Usually, 10 percent of home sales are all-cash affairs
The Phoenix market continues to struggle but there are cash investors buying homes to flip, resell when the market recovers or rent.
Nagle Law Group, P.C. 4530 E. Shea Blvd., Ste 140 Phoenix, AZ 85028 (602) 595-3156 http://www.naglelawgroup.com.realestate.asp
Tuesday, August 31, 2010
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