Rate Of Home Flipping Reaches Highest Point In Past 10 Years

Low inventory of homes for sale and considerable capital flowing into the real estate market helped push the rate of home flipping to a 10-year high in 2016, according to ATTOM Data Solutions.

The firm’s 2016 Year-End US Home Flipping Report says that 193,009 single-family homes and residential condominiums were flipped last year. That’s a 3.1% increase over 2015, and the highest level of flips since 2006, when 276,067 single-family homes and condos were sold for the second time within a 12-month period.

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