CNBC recently interviewed RealtyTrac’s Vice President, Daren Blomquist about the return of house flipping. He doesn’t think we’re seeing the “crazy levels” of 10 years ago, however he says the high number of recent flippers are an indication of “bandwagon flippers” taking advantage of certain markets with homes that need a lot of work. In this context, he cites that 2016 saw the highest number of flipped homes since 2006 with an average gross return per flip of $62k. Indeed….
