Home flipping cools off for the summerHome flipping cools off for the summerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210122018-09-06T05:00:00Z2018-09-06T21:00:00Z

​​​IRVINE, Calif. – Homes flipped in second quarter 2018 yielded​ an average gross return on investment (ROI) of 44.3 percent, the lowest since third quarter 2014, according to an ATTOM Data Solutions report. 

Last quarter, the average ROI was 47.8 percent. It was 50 percent in second quarter 2017. 

The report shows 48,768 single-family homes and condos were flipped last quarter, 5.2 percent of all sales. That's down from 6.6 percent in Q1 2018 and 5.4 percent in Q2 2017.

Homes flipped sold for an average of $65,520 more than what they were purchased for, down from $69,000 over the year. The first quarter saw an all-time high average profit of $69,500.

ATTOM Data Solutions
https://www.attomdata.com/news/market-trends/flipping/home-flipping-report-q2-2018/Read more at {Source}

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