Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

Price growth, shrinking margins cut into home-flipping profits

12/07/2017

Download PDF

National home flipping returns are down to a two-year low due to a declining number of distressed properties selling for low prices and heightened competition from home flippers prepared to accept smaller margins, according to property data warehouse Attom Data Solutions. A home flip as defined by Attom Data Solutions is a property sold at arms-length for the second time within a 12-month period. Home flips represented 8.3 percent of all home sales in the third quarter of 2017. The District of Columbia posted the highest home flipping rate by state at 7.6 percent, followed by Nevada, Tennessee, Louisiana and Alabama. Single-family homes and condos flipped in Q3 yielded an average gross profit of $66,448 per flip, giving an average 47.7 percent return on investment, down from 48.7 percent from the previous quarter, the company found. “A more than nine-year low in the ratio of flips per investor is evidence of this increased competition, which is pushing many investors to new …

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Inside Engel & Völkers’ virtual reality theater for home tours

    The moment I put on the Oculus Rift headset, I felt like I was inside one of Engel & Völkers’...

  • These U.S. counties rely on real estate tax breaks the most

    After House Republicans passed a bill in mid-November to overhaul the current tax code, the Senate ...

  • NAR directors surprised to learn Upstream not just for Realtors

    Who should Upstream be for? That’s the question at the heart of a discrepancy Inman has unco...

  • 5 things every real estate agent should know about bitcoin

    Bitcoin has been front and center in the headlines over the past week. It’s a cryptocurrency t...

  • Zenplace’s roving iPad kiosks allow agents to show rentals remotely

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • 5 holiday gift ideas for every kind of client

    With the holiday’s right around the corner, gift shopping for family and friends can quickly becom...

  • Why you shouldn’t ask for pre-approval proof before a showing

    You’ve probably heard this as often as I have. It was one of the first pieces of “advice” I re...

  • It’s your move: 5 tips for placing a counter offer

    When buyers find the home they’ve been looking for, they excitedly place an offer. However, se...

  • The Compass haters are starting to look lost

    Three years ago, even after Zillow acquired Trulia and cemented its hold on the industry, the doubte...

  • Pacific Union acquires majority stake in Gibson International

    Marking its fourth Golden State market-share grab within the last year, San Francisco-based real est...

December 2017
Mon Tue Wed Thu Fri Sat Sun
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...