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'Return of the Flippers'

The SFBT says in a just-so-titled story that house flippers are back in full force. Says a broker at Paragon: "I sold more homes in 2009 than in any other year of my 17 years in real estate." We have some of the usual post-bust suspects to thank: foreclosure sales, low mortgage rates, homebuyer tax credits, and "heaps of taxpayer dollars pouring into the mortgage market." Flippers say the difference now, apparently, is they have to fix up the property, rather than just relying on rising prices. Fair's fair. [SFBT]