Home Flipping Profits Drop in First Quarter
Data analytics firm Attom released its first quarter home flipping report, finding that profits from flipped sales are down compared to last year.
Data analytics firm Attom released its first quarter home flipping report, finding that profits from flipped sales are down compared to last year.
Local home flippers are out-earning their peers in other parts of the country, but their raw profits represent a much smaller share of their projects’ final sale prices.
America is facing a significant housing shortage, especially at entry-home level. And unnoticed by most, America’s mom-and-pop investors are quietly leading the charge in fixing this.
The share of flips among second-quarter home sales was up in Greater Boston, according to a new report, but flippers’ return on investment was down significantly over 2021.