home flipping http://michiganradio.org en Home flipping returns to Michigan's real estate markets http://michiganradio.org/post/home-flipping-returns-michigans-real-estate-markets <p>House flippers in Michigan are having a tough time making money these days.</p><p>Before the recession, house flipping was a small, but very active part of Michigan&rsquo;s real estate industry.</p><p>House flipping is where a person buys a home and quickly puts it back on the market, hoping to make a profit on the sale. Many homes resell within six months.&nbsp; Flipping flopped during the recession as plunging home prices took the profit away.</p><p>But a large stock of foreclosed homes and rising home prices has once again spurred interest in flipping in Michigan.</p> Thu, 17 Oct 2013 16:36:25 +0000 Steve Carmody 14876 at http://michiganradio.org Home flipping returns to Michigan's real estate markets