DataInvesting

Home flipping trends on the rise in Q2, Attom report shows

Attom Data Solutions report finds home flipping at its highest levels in six years
  • Single-family and condo home sales as completed flips increased 14 percent from Q1 and 3 percent from Q2 2015 to a total of 51,434.
  • Areas with the most frequent home flips are concentrated in Florida.
  • Five of the nine metro areas where home flippers can make more than $100,000 are located in California.

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The trend of home flipping is increasing throughout the nation, according to a recent Attom Data Solutions report. On September 15, the company released its Q2 2016 U.S. Home Flipping Report, finding the number of investors flipping homes is at its highest level since the second quarter of 2007, with a total of 51,434 home and condo sales getting flipped in the second quarter of 2016. In Q2, 5.5 percent of all single-family and condo sales were flipped homes, which was a 0.1 percent rise from the Q2 2015 figures. In the first quarter of 2016, 6.7 percent of all sales were flipped homes, but that doesn't mean there were more. The total of flipped homes that make up the entire pool of single-family home and condo sales was up 14 percent from the first quarter of the year and 3 percent annually. "Home flipping is becoming more accessible for smaller operators thanks to an increasingly competitive lending environment with more loan options for real estate investors, who a...