Estimated reading time: 0 minutes, 28 seconds

Home-Flipping Rate Dips in 2Q But Still “Strong”: ATTOM

Saturday, Oct 01 2022
Commercial Lending
Written by  The Mortgage Leader

Home-flipping activity declined in the second quarter as a share of overall home sales but remained at a historically high level, according to ATTOM’s 2022 U.S. Home Flipping Report. So reports The Title Report.

AttomAccording to ATTOM, the second-quarter saw 115,198 single-family houses and condos getting flipped—8.2% of all home sales, compared with 9.7% in the first quarter. That's still the third-highest home-flipping rate since 2000.

“The second quarter was another strong showing for fix-and-flip investors," ATTOM Executive Vice President of Market Intelligence Rick Sharga said in a statement.

Read the full article from The Title Report.

Read 977 times
Rate this item
(0 votes)
More in this category: « China, Inc., Quits U.S. Commercial Property Market MBA Cuts 2023 Projections for Commercial Lending »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline