Friday, February 24, 2006

House flippers flip out

There's a new sign of weakness in home prices. CNN/Money reports that tidbit against the backdrop of a rise in canceled home orders that "experts say could be a sign of an underlying weakness in the recent run in home prices."

So, does that mean fewer renters will be lured away to homeownership and the world of rapidly rising home equity, or that more might be tempted if home prices stabilize or drop a wee bit while interest rates remain somewhat sane?
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