CNBC
Even as more investors are flipping homes, they’re seeing less profits in return.
High home prices, increasing renovation costs and a skimpier supply of distressed properties are making it more expensive to get in the game, even though demand for move-in-ready homes is high.
Single-family homes and condos flipped in the third quarter of this year brought an average gross profit of $66,448 per flip, representing a 47.7 percent return on investment for flippers, according to ATTOM Data Solutions, a real estate data and analytics company.
