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| Daren Blomquist |
IRVINE, CA — RealtyTrac®
(www.realtytrac.com), the nation’s leading source for comprehensive housing
data, released its Year-End and Q4 2015 U.S. Home Flipping Report, which shows
that 179,778 U.S. single family homes and condos were flipped in 2015, 5.5
percent of all single family home and condo sales during the year.
The 5.5 percent share of
U.S. home flips in 2015 was up from a 5.3 percent share in 2014, marking the
first annual increase in the share of homes flipped following four consecutive
years of decreases.
The share of homes flipped in 2015 increased from the
previous year in 83 of 110 U.S. metropolitan statistical areas nationwide
analyzed for the report (75 percent).
For the report, a home
flip is defined as a property that is sold in an arms-length sale for the
second time within a 12-month period based on publicly recorded sales deed data
collected by RealtyTrac in more than 950 counties accounting for more than 80
percent of the U.S. population (see full methodology below).
“As confidence in the
housing recovery spreads, more real estate investors and would-be real estate
investors are hopping on the home flipping bandwagon,” said Daren Blomquist, senior vice president
at RealtyTrac.
“Not only is the share of home flips on the
rise again, but we also see the flipping trend trickling down to smaller
investors who are completing fewer flips per year. The total number of
investors who completed at least one flip in 2015 was at the highest level
since 2007, and the number of flips per investor was at the lowest level since
2008.”
For a complete copy of the company’s news release,
please contact:
Jennifer von Pohlmann
Sr. Public Relations
Manager
Office: 949.502.8300 ext
139
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