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The Impact Of Property Flipping On Single Family Detached Home Prices, Wesley H. English
The Impact Of Property Flipping On Single Family Detached Home Prices, Wesley H. English
Business Administration Theses
In 2003 HUD ruled that flipped properties, which are defined as recently acquired properties that have been resold, often within days, and for a substantial profit, are ineligible for FHA insured mortgage financing. This research uses the HUD ruling as the basis for this study. Their ruling was based on the perception that property flipping had a negative effect on home prices among other things. The study uses hedonic modeling to empirically determine if houses that have previously flipped have any influence on value when compared to the non-flipped properties in the same market. Through a regression analysis, it is …