wow. we're seeing new signs of positive economic growth, new numbers are out, consumer spending is up. >> i have a lot of consumer spending -- consumer confidence in you. >> well, thank you. >> the housing market is looking up with perspective buyers, house flippers are out once again. abc's cecilia vega has the story. >> reporter: in the latest sign that america's real estate bubble is on the rebound. greg steinberg and alexander beckett are flipping houses. they bought the two-bedroom home in los angeles and plan to fix it up and sell it fast, making a $50,000 profit. >> so this is the hallway that leads to the bathroom and two bedrooms over there. >> reporter: this was the bathroom. >> yes. >> reporter: was. four months ago this was the living room, the dining room. you can see the house is under construction, just gutted.