Check out market updates

House flippers are no longer making a killing, but activity is as high as ever

House flippers aren’t making what they used to, but it seems everyone still wants in on the market. House flipping activity increased to an eight-year high in 2019 but returns conversely dropped to eight-year low, according to an ATTOM Data Solutions study reported by Housing Wire. ATTOM’s Todd Teta said that was because of cost of buying. “This happened as the cost of buying properties continued to rise faster than gains on resale,” he said.

The Real Deal New York

Leave a Reply

Your email address will not be published.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

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>