Home Flipping Surges to 14-Year High, Despite Shrinking Returns

Home flipping in the first quarter of this year jumped to the highest level since 2006, as investors rushed to snatch up properties to resell for a profit. Home flipping comprised 7.5% of all home sales during the first quarter, up from 7.3% a year prior, ATTOM Data Solutions reports in its 2020 Home Flipping Report. It defines a house flip as a purchase and sale within 12 months. Read more.