GBA Presents: RADIO SAVANT-!


'Not the time to get greedy': Home flippers are now getting burned by the US housing downturn, slashing prices to cut losses — here are two big reasons why

Sun, October 23, 2022, 7:00 AM
d327923e6d9788e8483a54a1924f4406

Home flippers who pounced on recent drops in home prices now face some major hurdles — and potentially major losses.

It’s a story few could have foreseen: After home-flipping reached record heights as 2022 kicked off, the bubble seems to have burst. The one-in-10 home flipping/conventional sales ratio has dropped as the overall real estate market hits the brakes.

Home sales fell off a cliff between August and September 2022, and dipped an astounding 25% from September 2021, according to the National Association of Realtors. It’s now causing many property investors to dump their inventory, and fast.
 
Well I didn't sign off on the final release of my interview so you won't have to worry about me becoming globally famous and leaving ET.

I understood it to be a verbal intreview and they were just filming to document the words...

They insisted on showing me smoking, smoking, smoking buying stocks and rolling joints taking gummies, writing posts. Plus I had this chocolate Babka all over my face! AND I didn't f*ing =dress up!

It was almost unprofessional.
 
Berry Global price target lowered to $65 from $69 at Deutsche Bank 07:45 BERY Deutsche Bank analyst Kyle White lowered the firm's price target on Berry Global to $65 from $69 and keeps a Buy rating on the shares ahead of the Q3 results.
 
Back
Top