And not just because it seems like everyone around you is settling down, there are actual numbers to back it up. CNNMoney.com
has a new article out which reports that people are remodeling their current homes, as opposed to moving when they need more space or a different lay out. While that doesn't mean that flipping is a thing of the past, it does show that people are no longer constantly looking for the next bigger better house. They are staying where they are because they like the neighborhood, schools, or life they have built there. The slow real estate market for sellers can't be discouraging that choice either. Flipping has had a bad rap, and it isn't a very wise career move right now, but home buyers don't have to rule out buying a fixer, putting sweat equity into it, and making a profit in two or three years. Just don't count on throwing a granite counter into a fixer and making a bundle in a month.
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