Consumers’ attitudes toward owning and selling a home were less optimistic in July. According to Fannie Mae’s National Housing Survey, the number of consumers who believe now is a good time to sell a home fell by 7 percent to 45 percent in July.
Nearly all — 95 percent — of all real estate firms are expecting their net income to either increase or stay the same in the next year despite increased competition and market concerns, according to the 2015 National Association of Realtors Profile of Real Estate Firms.
Despite an increase in average property flipping profits, flipping is on the decline, according to RealtyTrac’s second-quarter U.S. Home Flipping Report. RealtyTrac, which has been tracking these metrics since 2000, reported that flipping hit a peak in early 2006, when 8 percent of all single-family home sales were flips.