Three or four TV and cable networks are wowing viewers with successful real estate "fix and flip" shows. After all, it's exciting to see an entrepreneurial person or couple successfully buying, rehabbing and selling homes for hefty profits. There's adventure in the negotiations, working with temperamental contractors and selecting finishes and fixtures. It's a great business
As the media continue to report an improving real estate market and rising prices, it may be putting some pressure on those who have been sitting on the sidelines. Interest rates are still low, and rising price news could be pulling some buyers into the market just to try and get ahead of even higher prices in the short term.