Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more

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Top 9 cities for flipping houses

Profits are soaring in these markets

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Seattle

9. Seattle-Tacoma-Bellevue, Wash.
Flipped price: $319,280
Average profit: $97,002
Number of flips: 485
 

8. Salinas, Calif.
Flipped price: $438,333
Average profit: $100,228
Number of flips: 69
 

7. Santa Rosa-Petaluma, Calif.
Flipped price: $411,909
Average profit: $113,001
Number of flips: 125

Click below for numbers six through four, ranked by average profit.

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