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Flipping flops to 3.5-year low

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Attom exec: “Home flipping acts as a canary in the coal mine for a cooling housing market.”

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A total of 45,901 U.S. single family homes and condos were flipped in the third quarter of 2018, down 12% from a year ago to the lowest level since Q1 2015, according to ATTOM Data Solutions Q3 2018 U.S. Home Flipping Report, out Thursday.

Homes flipped in Q3 2018 represented 5.0% of all single family home and condo sales during the quarter — down from a 5.2% home flipping rate in Q2 2018 and down from a 5.1% home flipping rate in Q3 2017 to the lowest level since Q3 2016.

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December 6, 2018

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Flipping flops to 3.5-year low

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