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Home-Flipping Ramps Up Despite Shrinking Profit Margins

Friday, Sep 24 2021
Commercial Lending
Written by  The Mortgage Leader

Fix-and-flip investors have seen their lowest profit margins in a decade, but that isn’t holding them back from making sales. So reports Realtor Magazine.

AttomAccording to a new report by ATTOM Data Solutions, a typical home flip showed a 33.5% return on investment in the second quarter, the lowest since the first quarter of 2011 and down from 40.6% a year earlier.

Meanwhile, the home-flipping rate rose to 4.9% of all home sales in the second quarter, up from 3.5% the previous quarter but still low compared with recent years, according to ATTOM.

Read the full article from Realtor Magazine. 

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More in this category: « Treasury Suspends Second Home, Investment Property Loan Caps Fix-and-Flip Investors’ Optimism on Housing Market Dims »

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