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US Residential Markets with High Concentrations of Fix and Flips

January 12, 2018

According to ATTOM Data Solutions' Q3 2017 U.S. Home Flipping Report, 5.1% of US home sales were flips, down from 5.6% in Q2. The motivation for these flips is the potential profits with 47.7% return on average in Q3 but below 48.7% in Q2.

 

Because of higher acquisitions cost and a lack of inventory, the areas where house flipping is a significant percentage of sales is changing. Memphis, Tennessee has the highest number of flips as a percentage of sales at 12.0%. Compare that to Los Angeles-Long Beach-Anaheim where flips are 5.9% of sales or San Francisco-Oakland-Hayward at 3.8% of sales.

 

Below is a chart of the markets with the highest concentration of house flips:

 Additional data is provided is this map, where the red markets are the places the house flipping rate is increasing and blue are the markets where it is decreasing.

#fixandflip #flippinghouses #housingmarket #realestate 

 

Resources:

https://www.attomdata.com/news/home-flipping/q3-2017-u-s-home-flipping-report/

 

Disclaimer - This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product.

 

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