Home flipping—making a profit from a home purchase after sprucing up the property to sell it quickly—has become a popular way to make money in the real estate market.
Today, you can find countless training seminars for potential home flippers and can hardly channel surf without stumbling onto a house-flipping show giving viewers an inside look at what happens in the process. But beyond its popularity is the reality that this segment of the real estate industry fluctuates often and has seen more than its fair share of ups and downs.
UpNest analyzed ATTOM’s Year-End 2020 U.S. Home-Flipping Report and identified 10 statistics that give a holistic look at the state of the American home-flipping industry today.
The report includes several key takeaways—from the number of homes being flipped by investors dropping for the first time since 2014, to more investors favoring cash purchases than financing. UpNest takes a deep dive, unpacking the most relevant statistics.
To find out more about the American home-flipping industry and how it fared in 2020—including how overall profits rose as profit margins dipped, and how flipping activity declined in 2020—join UpNest as it brings you 10 eye-opening statistics.