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  • Metro East REIA
    • Jul 11, 2022
    • 1 min read

Flipping Spikes Nationwide While Profits Drop to 13-Year Low

According to the latest U.S. Home Flipping Report from ATTOM, 114,706 single-family houses and condominiums were flipped in Q1, 2022. That figure represents 9.6% of all home sales in Q1 or one in 10 transactions – the highest level since at least 2000. In addition, ATTOM says that as home sales by investors spiked, typical raw profits on those deals remained below where they were one year ago, with profit margins dipped to their lowest point since 2009. Continue reading HERE...

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