Remember all of those house flipping shows on cable tv five years ago? Although unrealistic, they were popular because people thought they could make money flipping houses in a rising market. Then the housing market in the U.S. tanked, and none of those shows got renewed. You can still see the reruns, though.
Well, maybe they should go back into production, because the flipping business is picking up. Maybe not so much around Detroit and Downriver, but there are hot spots for flipping. I would submit that the ultra-low prices mean that it will not take much for housing to skyrocket around here, but we are not in a top ten market yet.
http://www.ft.com/cms/s/0/42a39776-f06e-11e2-929c-00144feabdc0.html#axzz2Zpy92HBa
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