Home Flipping During 2019

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On March 5, 2020, ATTOM Data Solutions reported nationwide reported nationwide 5.0% or 245,864 homes and condos flipped during the year 2019, gained 2.0% from the during 2018, which represented 6.2% of all home sales during 2019, higher from 5.8% of all homes flipped during 2018.

Homes and condos flipped generated to an average of $62,900 gross profit per home during 2019, decreased from an average of $65,000 gross profit per home during 2018. Nationwide financing rose upto $32.5 Billion during 2019, from 21.0% of all flipped financing during 2018.

Todd Teta, chief product officer at ATTOM Data Solutions, stated “That’s not to say that the home-flipping industry is tanking or losing its allure for investors because home flipping rates are higher than they’ve been in eight years. But profits did continue to decline again for investors.”

For complete more detailed information about home flipping Index for 2019, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainmaker
2,139,535
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

What an interesting report! I liked the statement made by Todd Teta too.

Investors need to contact you for buying and investing. 

Mar 06, 2020 07:40 PM #1
Rainmaker
94,139
Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

Thanks for sharing this information on your local market, great information. I hope you have a great day ahead.

Mar 07, 2020 01:35 AM #2
Rainmaker
2,081,714
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi John Pusa - I know that a few people have told me that the profitability from flipping has declined.

Mar 07, 2020 03:43 AM #3
Rainmaker
2,787,568
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Flipping is on the rise again and I think it is a good thing.  In my area though, there is a lot of competition for the properties that are worthy of flipping, so the profits have lessened.

Mar 07, 2020 05:30 AM #4
Rainmaker
3,479,823
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. Flipping will always have a place for the true professionals. Enjoy your day!

Mar 07, 2020 05:43 AM #5
Rainmaker
2,945,090
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Patricia Feager, MBA, CRS, GRI,MRP glad you find the report interesting. I agree, Todd Teta comment is valuable. Thank you for recommending me to work with investors. Thanks for the comment.

Mar 07, 2020 09:41 AM #6
Rainmaker
2,945,090
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome  Joseph Doohan  glad you find the market report informative.   I hope you have a great day ahead too.  Thanks for the comment.

Mar 07, 2020 09:46 AM #8
Rainmaker
2,945,090
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hi Grant Schneider they are right, profitability from home flipping dropped compare to a few years ago. Thanks for the comment.

Mar 07, 2020 09:48 AM #9
Rainmaker
2,945,090
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are right Brian England many people entered the home flipping market, which caused competition and lowered the profitability. Thanks for the comment

Mar 07, 2020 09:51 AM #10
Rainmaker
2,945,090
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good morning Wayne Martin very true, home flipping always has a place for the true professionals. Enjoy your day too. Thanks for the comment.

Mar 07, 2020 09:53 AM #11
Rainmaker
5,669,989
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, John, for sharing this report.

Have an outstanding weekend.

Mar 07, 2020 11:10 AM #12
Rainmaker
2,945,090
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Roy Kelley glad you find the report very useful. Have an outstanding weekend too. Thanks for the comment.

Mar 07, 2020 07:45 PM #13
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Rainmaker
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John Pusa

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I will be very happy to assist you with your real estate needs.
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