According to ATTOM Data’s year-end 2019 U.S. Home Flipping Report, over 245k single family homes & condos were flipped in 2019, up 2% from 2018 – the highest point since 2006. In addition, they report that while flipping itself was at an 8-year high, the profit margins continued dropping to an 8-year low themselves at $62,900. Indeed….
“Home-flipping profits across the U.S. dropped again in 2019 as the business of buying and selling houses absorbed its worst year since the housing market was mired in the fallout from the Great Recession. This happened as the cost of buying properties continued to rise faster than gains on resale,” said Todd Teta, chief product officer at ATTOM Data Solutions.
Click here to read the full report at ATTOMdata.com.
