Investors buying fewer homes for flipping

Printer-friendly version

Although the number of flips declined last year, the average gross profit for these projects is up.

January 09, 2015

Image: Melodi2

Fewer investors are buying homes to resell them within a year, according to a third-quarter report from RealtyTrac. About 4% of single-family homes were flipped over the summer, the lowest level since 2009. Flips are down from 5.6% in the third quarter of 2013. While the number of homes being bought to flip is down, the average gross profit per flip is at a record high $75,990.

Read more

Comments on: "Investors buying fewer homes for flipping"

August 2017

This Month in Professional Builder

Features

Gehan Homes expansion into entry-level home building through...

Overlay Init