This week Housing data powerhouse RealtyTrac released their 3rd quarter US Home Flipping Report, showing that over 43k single family homes & condos were flipped. This figure constitutes 5% of all single family & condo unit sales that quarter.
“After curtailing flipping activity last year due to slowing home price appreciation and shrinking inventory of flip-worthy homes, real estate investors have started to jump back on the flipping bandwagon in 2015,” said Daren Blomquist, vice president at RealtyTrac. “On the acquisition side, investors are finding creative ways to pinpoint potential flips in the off-market arena, and on the disposition side investors have a bigger pool of potential buyers thanks to a surge in FHA buyers this year, many of them first-time buyers looking for starter homes.”
