Market Trends - Flipping

[Marisa R.]

This may be of interest, lower end seems to be making doing well, why????

https://magazine.realtor/daily-news/2019/04/10/hou...

Flipping is becoming less risky, the report notes. Flippers are focusing on adding value to the properties they buy before reselling. Further, “we’ve seen growing signs that flippers are getting increasingly good at buying properties at a discount while the premium they’re selling for has remained mostly constant,” the report notes. “This is yet more evidence that flipping today is less risky and less speculative than during the 2000s.”

The metros with the highest median returns on a flip are:

• Detroit: 95.9% (flipping return)
• Philadelphia: 92.8%
• Pittsburgh: 75%
• Cleveland: 70%
• Akron, Ohio: 65.7%
• Baltimore: 63.6%
• Buffalo, N.Y.: 62.3%
• Wilmington, Del.: 60.1%
• Toledo, Ohio: 59.4%
• Milwaukee: 58.9%