According to new data from Corelogic, home flipping recently reached a post-crash high that is coupled with rising acquisition costs along with higher home prices. They report that, nationally, the ratio of flipped properties to sales reached 6.2% in Q1 2018, matching the post-crash high in Q1 2013. However, they point out that share of distressed properties has declined significantly.
“…flipping dynamics have changed over time. The share of distressed properties sold has declined significantly, from 30 percent in January 2013 to 4.4 percent at the end of 2017. Additionally, as a result of six years of home price appreciation and limited for-sale inventory, in many areas, home prices have already passed the peak values reached before the market crashed…”
Click here to read the full report on CoreLogic.com.
