【World Property Journal】Home Flipping Profits in U.S. Reach 2020 High in Q3

According to ATTOM Data Solutions third-quarter 2020 U.S. Home Flipping Report, 57,155 single-family homes and condominiums in the United States were flipped in the third quarter of 2020.

Those transactions represented 5.1 percent of all home sales in the third quarter of 2020, or one in 20 transactions. That figure was down from 6.7 percent of all home sales in the nation during the second quarter of 2020, or one in 15, and from 5.5 percent, or one in 18 sales, in the third quarter of last year.

While the home-flipping rate dropped again in the third quarter, both profits and profit margins increased. The gross profit on the typical home flip nationwide (the difference between the median sales price and the median paid by investors) rose in the third quarter of 2020 to $73,766 - the highest amount since at least 2000. That amount was up from $69,000 in the second quarter of 2020 and from $61,800 in the third quarter of last year.
 

READ MORE