
Flips Up, Flippers’ ROI Down in Boston Area
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.
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.
Couple skyrocketing construction costs with the end of COVID-19 mortgage forbearance, the end of the eviction ban, plus the oldest Baby Boomers turning 75 this year, and inventory increases may occur much sooner than anyone anticipates.
People buy fixers for all sorts of reasons. Money, of course, is the main factor. But many simply like the house or the neighborhood, and a healthy minority figured they’d enjoy working on the place.