Wednesday, February 4, 2009

Buyers Nesting instead of flipping

Posted by Yen Ho
Written by Alan Heavens

The real estate market means people are thinking of homes more as shelter than as a commodity to resell as quickly as possible, according to TV home-repair guru Ty Pennington.

"Instead of buying a house and flipping it as fast as you can, people expect to stay for a while, which means the art of nesting is back," said Pennington, host of "Extreme Makeover: Home Edition" and formerly one of the carpenters on TLC's "Trading Spaces."

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