Sep 02, 2015 in Homeowner. 0 Comment
Recent data shows that the average return on investment for home flippers has risen. Despite this, the overall number of flipped home sales was down a percentage from the previous quarter. In some areas, flipping is going strong. The following are the markets with the highest share of flipped homes.
Home flipping is well past its heyday when it seemed like nearly everyone was getting in the game. Flipping was everywhere in the culture. Multiple reality shows were made on home flipping. While some of that has faded into the past, the reality is that house flipping is still a good investment opportunity under the right circumstances. A home is considered flipped if it is sold in an arm’s-length deal for the second time within a year. Home flipping peaked back in 2006 when 8 percent of all single-family home sales were defined as flips. According to the Q2 2015 US Home Flipping Report by RealtyTrac, that share stands at 4.5 percent today, down from 5.5 percent last quarter.