House Flipping Returns Plunge, Could Mean Trouble for Housing Market
September 23, 2019
Revenue from flipping homes has fallen to an eight-year low, according to a report from ATTOM Data Solutions. Returns on house flipping have fallen eight of the last ten quarters, and are now at levels not seen since 2011.
The decline in flipping revenues could have larger implications for the housing market, which may be nearing a crisis. ATTOM chief product officer notes that the reduction in flipping revenues could be “another marker that the post-recession housing boom is softening or may be coming to an end.”