This week housing data powerhouse RealtyTrac released their Q1 U.S. Home Flipping Report showing that 6.6% of all single family home and condo sales in the first quarter of 2016 were flips, a 20% increase from the previous quarter and up 3% from one year ago. This number represents the highest rate of home flips since the Q1 of 2014.
“After faltering in late 2014, home flipping has been gaining steam for the last year and a half thanks to falling interest rates and a dearth of housing inventory for flippers to compete against,” said Daren Blomquist, senior vice president at RealtyTrac.
