Patrick Kearns | Inman
As anyone who regularly watches Flip or Flop already knows, house flipping is on the rise, and a new report from property data developer CoreLogic confirms this.
An analysis of public records found that the ratio of flipped properties to sales reached 6.2 percent in the first quarter of 2018, the highest it’s been since the first quarter of 2013 when home prices first started rebounding after the financial collapse. Directly after the crash in 2005, the ratio of flipped properties to sales climbed over 8 percent.
Flipping — defined in the report as the act of acquiring a home then selling it within 12 months — is a different business now than it was right after the crash, CoreLogic found.
Find the rest of the article here: House Flipping is on the Rise Despite High Home Prices