HOUSINGNEWS REPORT
SPOTLIGHT: NORTH CAROLINA
Flipping Out in the Tar Heel State
BY JOEL CONE, STAFF WRITER
North Carolina sports fans had to be flipping out after their University of North Carolina Tar Heels won the N.C.A.A. men’s basketball championship during this year’s March Madness. This is the team’s sixth national championship, and with this win they became only the fourth team in N.C.A.A. history to come back and win the national title just a year after losing the championship game.
Flipping out is fine for the crazed fans of the Tar Heels, NASCAR, the Charlotte Hornets, Carolina Panthers or any other local sports team. People love to see their favorite team win. But for real estate investors, it’s not so great when looking for a good margin on the purchase side in order for an investment property to pencil out.
Flipping — as an investment strategy — may indeed be out in North Carolina for the most part due to the lack of properties and increased competition around the state. Especially considering that increasing population numbers are directly affecting the supply and demand equation and therefore ramping up the level of competition for properties on the market.
ATTOM Data Solutions • P16
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