House Flipping Up, Profits Down In 2022: ATTOM
House flips reached their highest level in 17 years, but ROI was lowest since 2008.
House flips reached their highest level in 17 years, but ROI was lowest since 2008.
Overall activity fell 3% from January 2023; completions up 45% YOY
Refinance mortgage originations hit low point this century.
Numbers still rising gradually since foreclosure moratorium ended in 2021.
Completed foreclosures see first year-over-year decrease.
Nearly half of mortgaged homes remain equity-rich, while level of seriously underwater mortgages remains unchanged.
Profits on typical sales increase between 45% and 51% nationwide.
Overall filings remain well below pre-pandemic levels.
The third quarter saw 92,422 single-family houses and condominiums in the United States flipped.