According to the latest U.S. Home Flipping Report from ATTOM, 72,543 single-family houses and condominiums were flipped in Q3, 2023 representing 7.2% of all home sales in the third quarter. ATTOM says Investor returns increased for the third quarter in a row with margins, along with raw profits, rising to the highest levels since the middle of last year.
“The comeback for the home-flipping industry is looking more like a real trend than a temporary break in what had been a pretty bleak couple of years…For sure, investment returns still aren’t anywhere close to where they were a couple of years ago….Nevertheless, home flippers continue to head back in the right direction.” Said Rob Barber, CEO for ATTOM.
Click here to read the full report at ATTOM.
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