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.”
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