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With home flipping profit margins hitting a 17-year low, the Boston area is seeing little home flipping activity.
Can Schlittler will start against the Boston Red Sox in the decider of the American League Wild Card Series on Wednesday.
On Flipping Boston, time is the enemy as two house flippers race to renovate in a real estate market that is on the rise. Peter Souhleris and Dave Seymour gamble on a strategy to give them an edge in a tight market -- they design high-end and they flip fast.
“We’re seeing very low profit margins from home flipping because of the historically high cost of homes,” said Rob Barber, Attom’s CEO. “The initial buy-in for properties that are ideal for flipping, often lower priced homes that may need some work, keeps going up.”
It pays less and less to buy and flip a home these days. The typical home flipping profit margin fell in the second quarter to its lowest level since 2008, with a typical return of 25.1% before
Red Sox rookie Roman Anthony introduced himself to the crowd at Yankee Stadium in a big way Thursday night. In his first big league game in the Bronx, Anthony crushed a two-run homer to give Boston some much-needed insurance in a 6-3 victory over New York.
Brooklyn Nets guard Kyrie Irving has been fined $50,000 by the NBA after he flipped off several Boston Celtics fans on two occasions during Sunday's Game 1. In a release Tuesday, NBA president of league operations Byron Spruell said Irving was being fined ...