Flipping Rate Falls, But Profits Soar
Home flipping rates are falling as profit margins soar, according to new data from ATTOM. Flipped homes accounted for 8.9% of all U.S. home sales in Q2 2023, down 1% from the prior quarter and nearly the lowest rate since 2021. In total, 84,350 single-family homes and condominiums were flipped in the second quarter. At…