But that doesn’t account for the huge spike in demand documented by Max Anderson, chief economist at Porch.com. The company is an internet market connecting owners to contractors. Long gone are the days of real property price run-ups, when buyers flocked to housing auctions to grab up properties. In the second quarter of this yr, simply 31,000 single-family properties had been flipped, according to RealtyTrac.com’s U.S. Home Flipping Report. Investors made a median gross profit of greater than $46,000 in the second quarter, which quantities to a 21{5c9bc43f7f49546fe88f2f6515aa62928889addb211576f50003db9ad9c7b0f7} gross return on initial funding, RealtyTrac.com says.
It’s important to at all …