Americans are flipping homes like they haven’t done since before the housing crash

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Americans are flipping homes like they haven’t done since before the housing crash

Home flipping in the US has hit levels not seen since the peak of the housing bubble.

According to Attom Data Solutions, homeowners in the second quarter flipped 51,434 houses, meaning they resold them shortly after purchasing.

Attom based its analysis on sales within 12 months and derived from the data the highest number of homes flipped since Q2 2010.

The number of investors flipping homes set a record that extends further into the past, rising to its highest since Q2 2007, roughly one year after house prices peaked.

Home flipping is sometimes used to speculate on the housing market, and, in some contexts, is considered a warning sign of a bubble. If speculators anticipate that home prices will continue to rise, they buy homes with the intention to sell at a higher price.

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Comments
One Response to “Americans are flipping homes like they haven’t done since before the housing crash”
  1. Tennessee Homes says:

    Many are being sold outside the U. S. Even though there are small investors flipping through seminars here, higher profits are made selling globally.
    These buyers have the funds it seems to buy but aren’t knowledgeable about local market values to know they are being sold inflated values. Vacancies going up glutting rental market. Paying increasing rents is not sustainable where incomes are stagnant. Big investors getting out as small investors pay more for the houses. The problem may be these types of unsophisticated buyers can’t capture promised returns on paper model profits. What happens when they discover that fact?

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