Upscale house flipping increasing

During the first 6 months of 2012, over 100,000 upscale homes were flipped. This was an increase of +25% over 2011. Low home resale inventories, causing a lack of top quality homes, has flipping upscale homes growing in the housing market. Flippers include local developers as well as investors. The returns on flips well outpace the small profits earned on bonds and savings accounts...which is next to nothing.  Upscale flips may take longer to do, but the returns can be substantial when done well.