Ralph McLaughlin, Chief Economist at Trulia, published an interesting look at the “Fix & Flip” housing trend by market –some overheated, some have opportunity. In 2015, nationally, house flipping represented 5% of all home sales.
Market by market analysis showed interesting variations. For example, flipping is highest is Las Vegas, where 10.4% of home sales are flips, and is about 80% of its 15-year peak. Flipping is lowest in Detroit at just 1.1%.
Read the full report here.
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