House Flippers Return In Force, At 11-year High (Memphis, Las Vegas, Phoenix In Top Five, Washington DC Averaged $304K Gross Profit on Flipped Homes)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

House flipping was common at the peak of the housing bubble in the last decade. While not near the highs of 2005, house flipping is at its highest since 2006, according to a report by Attom Solutions.

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Gross profits from flipping are higher than during the peak flipping years of 2004-2006.

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Memphis, Las Vegas and Phoenix are in the top five cities for flipping. And yes, the Washington DC area is back in the thick of things for flipping.

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Washington DC flipping has been quite profitable.

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Let us just home that rising house flipping isn’t a precursor to another home price crash!

 

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