In my April 9th blog, I talked about house flipping, how it is increasing in today's market, and what it is.  Some might think that house flipping is a trend that ended when the real estate bubble burst.  However, there are opportunities to make money during a real estate downturn by purchasing cheap homes, fixing them up, and then reselling them for a profit.  On June 9th, the Financial Edge released an article naming the top three cities for house flipping.  San Diego came in first in front of San Francisco and Los Angeles.  They cited the Case-Schiller Index, saying that San Diego has seen 11 consecutive months of home price increases.  Even though home prices have been rising for almost a year, there are still opportunities to make a profit by taking advantage of the deals on foreclosure homes.  The Financial edge also cited RealtyTrac, saying that their data for April of this year shows that the areas in zip codes 92122 and 92104, which include neighborhoods like University City, La Jolla Colony, and the area northwest of the Zoo and Balboa Park (North Park), have foreclosure savings of up to 46%. 

If you’re interested in purchasing a foreclosure home, check out the Free Foreclosure Search on my home page and let me know how I can help!

For more information, check out this article