- Metro East REIA
Flipping on the Rise While Profit Margins Fall
ATTOM says that even though home flipping is on the rise, the profit margins associated with those flips are at a 10-year low. According to their Q2 2021 U.S. Home Flipping Report, 79,733 single-family homes and condominiums were flipped in the second quarter representing 4.9% of all home sales in the Q2, or one in 20 transactions – the first increase in more than a year. The report also pointed out that flipping rates were up in almost 80% of local markets. Continue reading HERE...