Fewer homes were flipped by investors in the second quarter compared with the same quarter one year ago as profits grew smaller, according to ATTOM Data Solutions’ 2019 U.S. Home Flipping Report. Homes flipped in the second quarter were down 5.2% from a year ago. Overall, home flips in the second quarter comprised 5.9% of all home […]
Affordability at 10-Year Low
ATTOM Data Solutions released its Q3 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the third quarter were at the least affordable level since Q3 2008, a 10-year low. The report calculates an affordability index based on percentage of income needed to buy a median-priced home relative to historic averages, with […]
Home Flippers Face New Hurdles
In the second quarter of this year, 5.6% of all home sales were flips, according to ATTOM Data Solutions’ Q2 2017 U.S. Home Flipping Report. The report defines a flip as a property that is sold for the second time within a 12-month period. As housing inventory remains low and buyers get more competitive, home […]
Ready to Work With Home Flippers?
The flippers are back. The number of single-family homes and condos flipped in 2016 zoomed to a 10-year high, a new report from ATTOM Data Solutions shows. The report shows that 193,009 single-family and condos were flipped in 2016, up 3.1 percent from 2015 and the highest level since 2006. ATTOM Data Solutions defines a […]
Landlords Taking Over the U.S. Housing Market
As Wall Street backs off of buying rental homes, small investors are picking up the slack. With rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords. Last year, 37 percent of homes sold were acquired by buyers who didn’t live in […]
Crossing Party Lines for Real Estate
Party lines are being crossed when it comes to real estate buying. Recent reports reveal a trend among blue state investors capitalizing on lower-priced rental properties in red states. A report by ATTOM Data Solutions shows that about 3.4 million single-family homes are owned by out-of-state investors, including companies, investment firms, and individuals who crossed […]