Investors are Flipping More, Profiting Less
Even as home prices rise into the stratosphere home flipping remains an active endeavor, accounting for just under 6 percent of all home sale transactions in the third quarter of this year. A flip is defined as any arms-length transaction during the quarter within 12 months of a previous arms-length transaction on the same property. ATTOM says there were 94,766 single-family houses and condominiums flipped during Q3, 1 out of 18 transactions. It was the second quarter in a row that flipping increased after a full year of declines and was a slightly more than a 5 percent increase from both the ...
Source: mortgagenewsdaily.com
