A popular phenomenon during the housing boom, flipping is when a house is bought and sold within a six-month period. Flippers are real estate investors who buy houses, fix them up quickly and then resell them, making money off the renovation. In parts of California, it's happening at some of the fastest rates in a decade.
At a recent open house in Glassell Park, a neighborhood in northeast Los Angeles, curious buyers and neighbors streamed into a green stucco house that had just come onto the market.
About 2,200 passengers were being flown back to Baltimore on Tuesday, a day after their cruise ship caught fire on its way to the Bahamas. There were no injuries aboard Royal Caribbean's Grandeur of the Seas.
But in the wake of the incident and others like it, the cruise ship companies have something of a black eye. The industry is now trying to reassure passengers it's OK for them to sail, adopting what it called a passenger "bill of rights."
This is TALK OF THE NATION. I'm John Donvan in Washington. Neal Conan is away. A small hole in the ground, that's all it looked like the other day in the photo of the Christian Science Monitor, published in its coverage of a tornado that ripped through Moore, Oklahoma, a small hole in the ground surrounded on all sides by the wreckage of totally flattened homes, right up to the very edge of that hole in the ground, which oddly is rectangular in shape in the photo and has a door attached to it, flung open.
Saying it was the world's largest international money laundering prosecution in history, authorities announced charges against the operators of Liberty Reserve, an online currency exchange that prosecutors say enabled more than a million people worldwide to launder about $6 billion.
This much is true: Many Canadians apparently think their government has embedded a maple-scented scratch-and-sniff patch in the nation's $100 bills.
According to CTV, "dozens of people" contacted the Bank of Canada after the polymer bills were introduced in 2011 to say they were sure there was something fishy ... or perhaps we should say sweet ... about the money.
Home prices in major cities across the nation were up 10.9 percent in March from March 2012, the biggest year-over-year increase since April 2006, according to the data trackers who put together the S&P/Case-Shiller Home Price Indices.
Their surveys show that:
-- While prices rose 10.9 percent on average across 20 metropolitan areas, the strongest gains were in Phoenix (22.5 percent), San Francisco (22.2 percent) and Las Vegas (20.6 percent).
We all know pancakes are best when slathered with maple syrup. But cash? The Bank of Canada is denying it's given its new plastic $100 bills a syrup scent. The rumor is that the new bills contain a scratch-and-sniff section. The Canadian press obtained a bunch of emails to the bank about the fabled edition of the maple syrup. One complained the notes stick together. Another lamented that some had lost their smell.
It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
After last week's deadly tornado in Moore, Okla,, hundreds of homes were damaged. Maurice Smith is optimistic about the future in Moore. So much so, he is planning to build a new home and sell the old one without an agent. And he expects it will be snapped up quickly. The reason? Displaced residents are looking for homes, and his has a storm shelter.