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
For farmland sales, forecast is ‘fairly flat’ – News Gazette
What is the Most Popular Home Improvement Project in Chicago? – Chicago Agent