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House flipping is back and growing in the East Valley

Posted by   /  October 16, 2017  /  Real Estate  /  No Comments

By Wayne Schutsky | East Valley Tribune The residential house-flipping market is active in pockets throughout the East Valley, with much of the activity driven by motivated investors providing inventory for the first-time homebuyer market. The volume of flipped homes in the East Valley was up 23 percent between July 2016 and July 2017, which […]

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House flippers triggered the U.S. housing market crash, not poor subprime borrowers

Posted by   /  August 31, 2017  /  Real Estate  /  1 Comment

Mortgage rates

By Gwynn Guilford | Quartz The grim tale of America’s “subprime mortgage crisis” delivers one of those stinging moral slaps that Americans seem to favor in their histories. Poor people were reckless and stupid, banks got greedy. Layer in some Wall Street dark arts, and there you have it: a global financial crisis. Dark arts notwithstanding, that’s […]

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