The latest new and existing home sales data suggest that buyers are taking advantage of increased inventory — and in some markets, lower prices — to act on purchases that they may have deferred for several years.Price growth surprises.

Make sure to get a few bids for this job. $40k seems excessive for this type of project.

My ideal plan (obviously with a little tweaking along the way) is to start fixing and flipping homes in my spare time, as I still work a full time job.

Any suggestions on the simplest way to go about this?

Does anyone have any suggestions of other cities (in the Southeast preferably) where there may be decent numbers ...

It has been booming for the past couple of years with strong job growth and population increase.

If anyone has any suggestion on the benefits of one state vs the other and what areas to look at in those states, it would be greatly appreciated.

(often just job site clean up, or hauling boards or drywall around the job site) with the stipulation that the tradesmen would show me the tricks of their trade.

Housing,food, and quality jobs build people. 

Hi James, Look at key economic indicators such as job growth, unemployment rates, GDP growth, and industry diversity.