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  • Metro East REIA
    • Dec 23, 2020
    • 1 min read

Flipping Declines in Q3 But Profits Reach 20-Year High

According to the latest home flipping report from ATTOM Data, gross returns for home flippers soared to their highest level in 20 years. The report said there were just over 57k single-family homes and condominiums flipped in Q3 2020. As CNBC’s Diana Olick reports, ATTOM attributes the gains to the effects of the worldwide coronavirus pandemic. She also points out that Investors have sold for at least double their purchase price in 14 U.S. markets. Continue reading HERE...

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