Thursday, September 28, 2023 3:02 am

Home-flipping is hot in Phoenix area, but profits from reselling are not

Mortgage rates


The Valley is one of the country’s top areas for home-flipping in terms of quantity, but it lags in terms of quality, according to a new report.

In the first quarter of 2018, 10.3 percent of homes sold in the Phoenix area were flips — properties that had been purchased to be resold for a profit.

That ranked No. 6 among 136 metro areas tracked in a report released Thursday by ATTOM Data Solutions. The national average was 6.9 percent, with Memphis, Tennessee, leading the way at 15.1 percent.


Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories