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.
The third quarter saw 92,422 single-family houses and condominiums in the United States flipped.
The typical resale price on flipped homes reached another all-time high of $328,000.
A Twin Cities house-flipper pleaded guilty on June 16 to defrauding real estate investors and soliciting more than $3 million.