Home flips are back with a vengeance

Investors in 2017 flipped more than 207K condos and houses

TRD New York /
Mar.March 08, 2018 10:45 AM

Homes in Boulder, CO

Flipping houses was more popular in the U.S. last year than at any point since the now infamous real estate bubble of the 2000s.

A report from Attom Data Solutions found that investors flipped more than 207,000 condominiums and single-family homes in 2017, the most since 2006, according to Bloomberg. More than 138,000 investors flipped homes last year, which was the most since 2007.

This decade’s home flippers seem to be more cautious than their counterparts from 2006, with the average 2017 flip generating 50 percent gross returns as opposed to 28 percent in 2006.

However, there are still some red flags in local markets, with flippers in Boulder, Austin and Santa Barbara all earning less than 25 percent on gross returns. [Bloomberg]Eddie Small


Related Articles

arrow_forward_ios

Ben Carson on Opportunity Zones, unity and red and black ants: TRD Miami Showcase & Forum

Home foreclosures dropped nearly 20% in Q3, report shows

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

Lennar reports 13% uptick in Q3 profit amid sluggish housing market

arrow_forward_ios