Home Flipping Profit Margins Continue to Drop Across U.S. in Q3
According to the latest U.S. Home Flipping Report from ATTOM, 94,766 single-family houses and condominiums were flipped in Q3, 2021. While that figure represents 5.7% of all home sales in Q3, ATTOM points out that profit margins declined as prices on flipped homes continued to rise more slowly than they did when investors originally bought their properties.
“Home flipping produced another round of competing trends in the third quarter of this year as more investors got in on the action but got less out of it,” said Todd Teta, chief product officer at ATTOM.
Click here to read the full report at ATTOM.
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