From Fixer-Uppers to Dream Homes: Discover the Top 10 ZIPS Flipped in Q1 2023
Nine percent of all U.S. house sales in the first quarter of 2023 were flips, with 72,960 single-family homes and condominiums changing hands. This is the second-highest level this century, down from the all-time high of 9.4 percent in Q1 2022 but up from 8 percent in Q4 2022.
While property flipping activity increased, ATTOM's most recent analysis found mixed patterns for raw profits and profit margins. The analysis found that earnings and returns on investments both rose little between Q4 2022 and Q1 2023, but were still near decade lows.