The number of homes and condominiums that were flipped increased last year, although the number still lagged behind its 2005 peak, RealtyTrac reported Thursday.
Some 179,778 single family homes and condominiums were flipped in 2015, the company said in its Year-End and Q4 2015 US Home Flipping Report. That amounted to 5.5% of all sales for the year, compared with 5.3% in 2014. That was still far below the peak of 8.2% in 2005.
The increase in home flips followed four consecutive years of decreases. They also increased in 83 of the 110 metropolitan statistical areas that were examined for the report (75%) in 2015.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
