Home Flipping at Seven-Year Low

0

According to ATTOM’s latest U.S. Home Flipping Report (covering all of 2018 and Q4), there were 207,957 single family homes & condos flipped in 2018, down 4% from 2017.  These flips represented 5.6% of all single-family home & condo sales during 2018.  In addition, the total dollar volume of financed home flips $19.9 billion in 2018, up 8% from in 2017.

“With mortgage rates remaining strong and people staying in their homes longer, we have started to see a bit of a flipping rate slowdown,” said Todd Teta, chief product officer at ATTOM Data Solutions. “However, this isn’t to say home flipping is going away. The market is still ripe with investors flipping and bargains still await, especially in the lowest-priced areas of the country, where levels of financial distress remain highest.”

Click here to read the full report at ATTOM Data Solutions.

About Author

Director of Education & Outreach, National Real Estate Investors Association

Comments are closed.