Morning Minute: Home flipping on the rise in Chicago area

Tighter housing inventory and higher home prices are spurring more investors to flip homes in the Chicago area. In fact, home flipping more than doubled in the first three quarters of 2013, the Chicago Tribune reports in today’s article, “Home flipping gets fierce.

Citing data from RealtyTrac, the newspaper reports that “a total of 2,235 single-family homes were sold and then resold within six months in the greater Chicago area between January and September.”  A year before the total was 1,086 flipped homes in the area. Read the full article.

In other headlines:

Fed’s ‘beige book’ shows the cost of policy uncertainty – Chicago Tribune

Shutdown ends, but aftermath affects one Rockford area family – WREX-TV

For farmland sales, forecast is ‘fairly flat’ – News Gazette

What is the Most Popular Home Improvement Project in Chicago? – Chicago Agent

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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