Graduation Semester and Year

2007

Language

English

Document Type

Thesis

Degree Name

Master of Science in Real Estate

Department

Finance

First Advisor

Fred Forgey

Abstract

In 2003 HUD ruled that flipped properties, which are defined as recently acquired properties that have been resold, often within days, and for a substantial profit, are ineligible for FHA insured mortgage financing. This research uses the HUD ruling as the basis for this study. Their ruling was based on the perception that property flipping had a negative effect on home prices among other things. The study uses hedonic modeling to empirically determine if houses that have previously flipped have any influence on value when compared to the non-flipped properties in the same market. Through a regression analysis, it is determined that the incidence of a flip does not significantly change the value of a home.

Disciplines

Business | Finance and Financial Management | Real Estate

Comments

Degree granted by The University of Texas at Arlington

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