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Home flipping profits get a little leaner

ROI on flips drops to a four-year low.

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Homes flipped in the second quarter of 2018 yielded an average gross return on investment of 44.3%, down from 47.8% in the previous quarter and down from 50.0% in Q2 2017 to the lowest average gross flipping ROI since Q3 2014, according to the ATTOM Data Solutions U.S. Home Flipping Report released Thursday.

The report shows a total of 48,768 U.S. single family homes and condos were flipped in the second quarter of 2018, a home flipping rate of 5.2% of all sales — down from a 6.6% home flipping rate in Q1 2018 and down from a 5.4% home flipping rate in Q2 2017.

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September 7, 2018

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Home flipping profits get a little leaner

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