Banks make house flipping easier for investors

Although home prices have been raising steadily over the past year, house flipping is still extremely popular among investors. And it’s the banks that are being credited

Rise in home flipping shows that fixer-uppers are back in vogue

Fixer-uppers are back in vogue, with RealtyTrac reporting that 6.6 percent of all single family home and condo sales (numbering 43,740 sales in total) during Q1 of this year were flipped homes, a twenty percent increase from the last quarter and a three percent rise from one year ago. RealtyTrac defines a home flip as

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Home flippers pulled in $102,400 per flip last year

Redfin reports that 2015 was the best year for home flippers yet, with investors making $102,400 per flip on the average, compared to just $98,500 per flip in 2014 and the $90,900 flippers were making pre-recession.

Home flippers made up 4% of all house sales in Q1

A total of 17,309 single family homes were flipped in the first quarter of 2015, 4% of all single family home sales during the quarter, according to RealtyTrac.

Foreclosure Flippers Are Cleaning Up The Streets

Foreclosure flipping is the latest trend to be embraced by a growing number of investors, though it’s not the same kind of practice as we saw during the property boom of just a few years ago.

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