Forbes Magazine just loves the Raleigh NC Real Estate market!!  They are endlessly ranking our community as the best to live, best for jobs, best for singles, etc.  However, this ranking is a new one!! I wasn't sure I read the text correctly. 

Best Place to Flip A Home ???? Your kidding me, right? Forbes ranked the Raleigh Market the #3 Market in the County To Flip Homes!! #2.  The irony of this story is that the Raleigh NC Real Estate Market has never been a flippers dream.  There have been so many markets in the country appreciating at a much faster pace than the Raleigh Market which made "Flipping" a non-starter in this area.

Ladies and gentleman- the tide has turned!! The slow down in the real estate market across the country has lead to FLIPPERS starved for new business opportunities.  Just last week I met with a team of 4 investors from the Bay area looking for a strong real estate market that is now experiencing appreciation rates almost double what they were in the past 5 years!!  Forbes calculated whether a market is ripe for flipping by using data from Moody's Economy.com to come up with the rankings using the following criteria as a benchmark:

• Market appreciation rate vs.  current inventory
• Supply & Demand in the market
• Current new-home construction numbers through the end of 2008

The Raleigh NC Market is now posed, in certain optimal price ranges(less than $250k) as indicated by Forbes, to be a profitable market for flip properties.  More information can be found at Realtor.com Magazine Online or you may visit me at my website at www.TriangleNCHomes4Sale.com.