All Time High


All this up and down is making my quads tight.

Home flipping in the US is at an all-time high. That is, a high of people doing it, not a high of people making profit from it.

A new report from ATTOM Data Solutions shows that there are more houses being bought and sold than ever before, 21% more in 2019 than in 2018. But the profits are not at all-time records. Au contraire! Returns on those flips are at an eight-year low.

Homes that were flipped in 2019 generated, on average, a profit of $62,900, or 40.6% returns on investments. This is down from 45.8% in 2018 and 51.4% in 2017. These numbers are national averages. Certain markets such as Laredo, Texas had a huge increase in returns, up 103.5%!

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top