Beyond investing in the areas of increasing construction and renovation, which we may expect, the Wall Street Journal is reporting a much wider scope of housing related investing. Companies like Whirlpool (up 170% since 2011), home improvement retailers Home Depot and Lowes (each up about 60% in the past 12 months) are all on the radar of those putting money on the recovery in the housing market. Even the Ford Motor Co, for pickups!
House flippers are re-entering the market as well. With some of the most dramatic pricing increases, it’s no surprise that California is seeing the highest amount of flips since 2005. Today’s flippers are mostly buying all-cash due to the tighter lending right now and taking on projects that are too large for most home-buyers. With the limited amount of inventory on the market at this time, it can seem like the flippers are grabbing up all of the available housing but many buyers are looking for a home that is move-in ready and don’t have the time and money to enter into major remodling projects.
Fatal error: Allowed memory size of 67108864 bytes exhausted (tried to allocate 49 bytes) in /home/content/94/11273894/html/wp-includes/cache.php on line 650