US House Flipping Returns Plunge To 8-Year Low

Posted on September 23, 2019 12:11 am

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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