✅ Is house flipping starting to flop? It's 'getting less and less profitable'

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✍ "Flipping" houses and condos — buying low, then rehabbing and selling for a profit — is as much a part of the American dream as home ownership itself. Cable TV is full of popular shows like "Flipping Out," "Flip This House" and "Flipping Vegas." But recent data found that this still-profitable market may have topped out — or at the very least taken a breather. A new report on nationwide home flipping conducted by real estate data provider ATTOM Data Solutions concluded that the number of homes being flipped decreased by more than 5% in the second quarter compared with the same period last year. But even more ominous, according to ATTOM Data, is that flippers' average return on investment, or the difference between what they paid and sold the property for, has dropped to an eight-year low. These findings are particularly significant because the second quarter, which stretches from April through the end of June, is traditionally the time of year when most people buy and sell homes. And ...
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