| Investors lining up for foreclosure properties | | | | House flipping increased in U.S. in 2009 by 19% to |
| Source: Bloomberg (March 31 2010) | | | | reach 197,784 and the result may rise further because |
| Flipping is back and there is a very high competition for | | | | the record of fourth quarter has not been included. |
| buying foreclosure houses in some states of U.S. such | | | | According to the data released by RealtyTrac Inc., in |
| as Arizona, California, Florida and Nevada. When the | | | | Phoenix, in six months of buying, 4,661 foreclosed |
| housing market was booming many new real estate | | | | homes were sold, which shows an increase in value |
| investors spent on house flipping and now the process | | | | by 81% .In California, flipping rose in San Bernardino and |
| is known to many real estate investors. Make changes | | | | Riverside by 45% to 17,203. In Las Vegas, |
| in the look, spending on new paint and sell the house at | | | | foreclosures were highest and flipping rose by 38% to |
| a higher price. | | | | 8,042. |