flip it

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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