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
Around 27 percent of homeowners who responded to a Bankrate study said they don’t know what the interest rate is on their home (Credit: iStock)

One quarter of Americans don’t even know their mortgage rate

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone

From left: 515 Park Avennue, Soori High Line, One Beacon Court, 53 East 67th Street and 15 Hudson Yards (Photos via Douglas Elliman, Compass, StreetEasy, Hudson Yards, Apartments)

Priciest homes to hit market include an UES building prime for mansion conversion

166 E. 81st St. (Credit: Google Maps, iStock)

UES townhouse once described as “infested with vermin” goes into contract

arrow_forward_ios
Loading...