US House Flipping Returns Plunge To 8-Year Low
By Tyler Durden
ATTOM Data Solutions has published its Q2 2019 U.S. Home Flipping Report, which states revenue from home flipping has plunged to an eight-year low.
According to Todd Teta, chief product officer at ATTOM, diminishing returns on home flips could be a sign that the real estate market is nearing a crisis.
Home flipping keeps getting less and less profitable, which is another marker that the post-recession housing boom is softening or may be coming to an end. Flipping houses is still a good business to be in and profits are healthy in most parts of the country. But push-and-pull