Home flips dropping nationwide

  • This April 13, 2019, photo, shows rows of homes, in suburban Salt Lake City.
    (AP Photo/Rick Bowmer, file)

By Steve Brown The Dallas Morning News

Home flips across the country were down in the first quarter from a year ago, according to a new report by Attom Data Solutions.

Nationwide home resales by investors and fixer uppers dropped 8% from first quarter 2018.

Attom Data counts flips as a single-family home or condo sale that was any arms-length transaction that occurred in the quarter where a previous arms-length transaction on the same property had occurred within the last 12 months.

The volume of home flips around the country has fallen in the last few years as home prices have risen and the inventories of low and moderate priced houses available to buy have fallen.

Some investors may have decided to go to the sidelines, analysts say.

Todd Teta, chief product officer at Attom Data Solutions, said in a statement that flipping is down 11% from last year.

Leave a Reply

Your email address will not be published. Required fields are marked *