Flipping May Be Down But Profits are Up

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According to ATTOM Data’s latest U.S. Home Flipping Report, there were 53,621 single-family homes and condominiums flipped in the second quarter, representing 6.7% of all home sales during Q2.  However, ATTOM points out that even though the flipping rate was lower than in Q1, both profits and margins were up, rising to $67,902.  Indeed…

“Far fewer house hunters were out in the market looking for homes, which probably cut into the pool of potential buyers that investors could tap. But at the same time, home flippers who were able to close deals did better than they had done in a year and a half…”  Said Todd Teta, chief product officer at ATTOM Data Solutions.

Click here to read the full report at ATTOM.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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