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'Good News, Bad News' for Fix-and-Flip Investors in Q3 Data

Saturday, Jan 07 2023
Commercial Lending
Written by  The Mortgage Leader

The latest figures from ATTOM show that the home-flipping rate fell to 7.5% of all home sales in the third quarter of 2022. So reports The Title Report.

AttomWhile that’s down from an 8.2% share in the second quarter, it’s still a rise from 5.9% in the year-earlier period—and the third-highest quarterly mark in the past decade.

“This is a classic good news/bad news report for fix-and-flip investors," Rick Sharga, executive vice president of market intelligence at ATTOM, said in a statement.

Read the full article from The Title Report.

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More in this category: « Commercial Real Estate Investment to Fall 15% in 2023: CBRE MBA Sees 5% Drop in Commercial Mortgage Volume in 2023 »

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