Average Flipping ROI Near Three-Year Low Despite All-Time High in Gross Flipping Profit; Share of Home Flips Purchased With Financing Increases to 9.5-Year High; Share of Flipped Homes Sold to FHA Buyers Drops to 10-Year Low IRVINE, Calif. – June 7, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released… Read More »
Nearly 35 percent of all homes flipped in 2017 were purchased by the flipper with financing, a nine-year high, according to ATTOM Data Solutions. While financing flips may be attractive given that — in theory — it allows investors to leverage their capital to get a better return and do more flips, that theory does… Read More »
The following is an excerpt from an article that originally appeared in the March 2018 Housing News Report newsletter published by ATTOM Data Solutions. For a free subscription to the award-winning Housing News Report, contact christine.stricker@attomdata.com. A paucity of affordable housing that threatens to inflame a burgeoning homelessness crisis and trigger an exodus of well-paying jobs is… Read More »
Top Major Market Flipping Rates in Memphis, Las Vegas, Tampa, Birmingham, Phoenix; $16.1 Billion In Financed Flips in 2017, Up 27 Percent From 2016 to 10-Year High IRVINE, Calif. – March 8, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q4 and Year-End 2017 U.S. Home Flipping Report,… Read More »
But New York Foreclosure Auctions, New Jersey REOs Both at 11-Year High; Biggest Backlogs of Legacy Foreclosures in New York, New Jersey, Florida IRVINE, Calif. – Jan. 18, 2018 – ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Year-End 2017 U.S. Foreclosure Market Report, which shows foreclosure filings —… Read More »
Home flippers are getting squeezed by an increasingly competitive housing market where it’s harder to stick to the tried-and-true mantra for real estate investors: buy low and sell high. While it’s easy to sell the homes they are flipping, at often at a premium above asking price, the problem is finding properties to buy at… Read More »
YTD 2017 Home Flips Still on Pace to Equal 10-Year High 0f 2016; Lowest Ratio of Flips Per Investor Since Q2 2008 IRVINE, Calif. – Dec. 7, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q3 2017 U.S. Home Flipping Report, which shows that single family homes… Read More »
Rate Up in 53 Percent of Local Markets Led by Metros in Louisiana, New York, Alabama; Dollar Volume of Flipper Financing Rises to Nearly 10-Year High of $4.4 Billion IRVINE, Calif. – Sept. 14, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 U.S. Home Flipping… Read More »
The following is an excerpt from an article that first appeared in the July 2017 Housing News Report, an award-winning monthly newsletter published by ATTOM Data Solutions. Memphis is the epicenter of an emerging trend in home flipping — flip-to-rent. The Memphis metro area posted the nation’s highest home flipping rate as a percentage of home… Read More »
While some may think home flipping is the domain of high-powered, highly capitalized institutional investors, the data suggests otherwise. More than two-thirds (69 percent) of all single family homes and condos flipped in the first quarter of 2017 were by investors of the mom-and-pop variety who just completed one flip during the quarter, according to… Read More »
