The profits made from flipping homes continues to shrink

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.

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