Real estate agent arrested for allegedly

John Rose Jr., 49, who works for the William Raveis agency, was arrested Christmas Eve after police said he was caught burglarizing a home on Lordship Road along with a friend who is a hairdresser.

Rose and Raymond Feliciano Jr., 47, of New Britain, were each charged with third-degree burglary, conspiracy to commit third-degree burglary and possession of burglar tools.

Police said that on Christmas Eve they received calls from neighbors on Lordship Road reporting two men carrying large sacks from the home of a man who had recently died.

Local police are also investigating several other burglaries at other nearby houses that Rose would have had access to as well.

The number of investors who flipped a house in the first nine months of 2016 reached the highest level since 2007. About a third of the deals in the third quarter were financed with debt, a percentage not seen in eight years.

Trying to win business, big banks in the past few weeks have flown executives to Southern California—where much of the house-flipping activity is occurring—to organize funding deals, say people familiar with the meetings.

The article has much more on how flipping is coming back, riding a wave of both reality TV and crowdfunding.