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The home flip rate represented just 2.7% of all home sales, which is its lowest level since the year 2000.
With spiking home prices in the second quarter of 2021, home affordability for average workers took another hit.
Home flipping and profit margins dropped amidst a housing boom, making conditions less favorable to investors.
ATTOM released its May 2021 U.S. Foreclosure Market Report, which shows a total of 10,821 U.S. properties with foreclosure filings.
ATTOM is making it easier for financial institutions to access its data through a new cloud-based platform.
