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Home Flipping Activity Down in Q2

Home Flipping Activity Down in Q2

by Phil Hall | Sep 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 79,540 single-family homes and condominiums were flipped in the second quarter, according to new data from ATTOM. This represented 7.5%, or one of every 13 home sales. The second quarter’s total is down by 8.7% in the first quarter and down by 7.9% in...
Home Flipping Activity Down in Q2

FTC to Refund $12 Million to Consumers in House Flipping Scheme

by Phil Hall | Aug 1, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) announced it will distribute over $12 million in refunds to more than 25,000 consumers who paid Zurixx LLC for a dubious house flipping investment training program. The FTC and the Utah Department of Commerce Division of Consumer...
Home Flipping Activity Down in Q2

New Jersey Father and Son Indicted in House Flipping Investor Scam

by Phil Hall | Nov 13, 2023 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

New Jersey Attorney General Matthew J. Platkin announced the indictment of a father and son who allegedly defrauded investors and mortgage lenders of more than $2.5 million in a scam involving Jersey Shore real estate. George Bussanich Sr., 65, and his 43-year-old son...
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