Politico: “After languishing without a buyer for months, the five-bedroom Tudor in Jamaica Estates, New York, was sold Dec. 16 to a buyer who will auction it to the highest bidder in January… That’s a quick turnaround for any house flip, but it’s an especially bold undertaking in a time of rising mortgage rates and winter market doldrums.”
“To generate interest in a sale, Paramount is circulating a copy of the president-elect’s birth certificate, which shows the home’s Wareham Place address. His father, Fred Trump, a developer, built the 2,000-square-foot house in 1940.”
Wall Street Journal: As home prices rise, house flipping makes a comeback.
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