Tag Archives: Number of flipped homes rises 19% in seller’s market

It looks like flipping homes is coming back into style. At least that’s what RealtyTrac’s Midyear 2013 Home Flipping Report revealed. According to the report, 136,184 single-family home flips occurred in the first half of 2013, a 19% increase from a year ago and a 74% rise from the first half of 2011. A flip is where a home is purchased and subsequently sold again within six months. The report also states that real estate investors brought in an average gross profit of $18,391 on single-family home flips in the […]