What are absorption rates and why would you want to know about them?
Quite simply the absorption rate is a number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates people the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than ...
Posted by Patrick Galesloot
on October 7, 2011
At the risk of being brutally blunt, the short answer to this question is "NO!"
With all the hype from the United States economy, the flipping house phenom isn't quite as lustrious as one may think. Watching a TV show on A&E about how a "house flipper" buys this amazing foreclosure deal, at an absolute song, fixes it up, makes a cool 20% (on the low end) on the house after expenses and ...
Posted by Wes Giesbrecht
on March 24, 2011