W3Schools

Home flipping rate hits 9-year high — and that could foretell troubles in the housing market

Home-flipping has rebounded by one key measure. But that’s doesn’t make it an easy path toward becoming rich.

Just over 49,000 single-family homes and condos were flipped in the first quarter of 2019, according to a report released this week by real-estate data firm Attom Data Solutions. These homes comprised 7.2% of all home sales nationwide during that time period, representing the highest home-flipping rate since the first quarter of 2010.

But that’s not necessarily a positive indicator of the housing market’s strength, said Todd Teta, Attom’s chief product officer. The number of homes that were flipped was actually down 8% from the previous year to a three-year low.

>>> Original Source <<<

Comentários