realtytrac http://kvpr.org en RealtyTrac: California Leads Nation In Flipped Homes http://kvpr.org/post/realtytrac-california-leads-nation-flipped-homes <p>Data out today show a big spike in the rate of California homes purchased and resold within six-months.</p><p>People in the real estate business call it “flipping.”</p><p>“Flipping is the process of buying a home or other property, usually at a discounted price, improving that property through rehab and repairs and then reselling that.”</p><p>Daren Blomquist is with RealtyTrac. The research firm has released new nationwide figures on flipped properties.</p><p>“Not surprisingly the state with the most flips in the first-half of 2012 was California with nearly 26,000.”</p> Thu, 20 Sep 2012 00:58:03 +0000 Steve Milne 4246 at http://kvpr.org RealtyTrac: California Leads Nation In Flipped Homes Foreclosures Drop, But Still Remain High http://kvpr.org/post/foreclosures-drop-still-remain-high <p>Foreclosure-related home sales fell 10 percent in California during the second-quarter compared to last year. But repossessions still accounted for a big percentage of homes sold. Listing service RealtyTrac says four out of every 10 California homes sold between April and June were foreclosures.</p><p>Daren Blomquist, RealtyTrac’s Vice-President said that number, "is extremely high. We’d expect to see less than 5 percent of all sales be foreclosure-related in a normal, healthy market."</p> Thu, 30 Aug 2012 18:58:16 +0000 Steve Milne 3183 at http://kvpr.org Foreclosures Drop, But Still Remain High