96
FAST GROWING MARKETS
FOR HOME FLIPPING
Home flipping is up, according to ATTOM Data Solutions—but profits are down. e 2019 U.S. Home Flipping Report found that 245,864
single-family homes and condos in the United States were flipped in 2019, up 2% from 2018 to the highest point since 2006.
"Home-flipping profits across the U.S. dropped again in 2019 as the business of buying and selling houses absorbed its worst year since the housing
market was mired in the fallout from the Great Recession. is happened as the cost of buying properties continued to rise faster than gains on resale,"
said Todd Teta, Chief Product Officer at ATTOM Data Solutions. "at's not to say that the home-flipping industry is tanking or losing its allure for
investors because home flipping rates are higher than they've been in eight years. But profits did continue to decline again for investors."
Here's which markets are seeing higher—and lower—flipping activity:
Source: ATTOM
Data Solution
2019 U.S. Home
Flipping Report
The Big Finish
Wrap your head
around the market's
leading indicators.
LARGEST ANNUAL INCREASES
IN THE HOME FLIPPING RATE
City Increase
Laredo, Texas 1.035
Raleigh, North Carolina 0.598
Charlotte, North Carolina 0.441
Fort Smith, Arkansas 0.432
Columbus, Georgia 0.405
LOWEST ANNUAL INCREASES
IN THE HOME FLIPPING RATE
City Decrease
Seattle -16.90%
Indianapolis -9.10%
Grand Rapids, Michigan -8.00%
Rochester, New York -5.90%
Baltimore -4.80%
SEATTLE
ROCHESTER,
NEW YORK
BALTIMORE
GRAND RAPIDS,
MICHIGAN
FORT SMITH,
ARKANSAS
COLUMBUS,
GEORGIA
LAREDO, TEXAS
INDIANAPOLIS
CHARLOTTE, NORTH
CAROLINA
RALEIGH, NORTH
CAROLINA
