Investors flipped 4 percent fewer homes nationally last year, according to a Thursday study by Attom Data Solutions, with about 208,000 properties sold that had been recently purchased and renovated. In 2018, about 146,000 investors flipped houses and condos, down slightly from the year before but still 63 percent more than the 89,500 investors that did so a decade ago, as determined by Irvine, Calif.-based Attom. Buyers shelled out $19.9 billion for home flip purchases last year, up $1.4 billion from the year before and the highest dollar figure since 2007. Attom computed a gross profit of $62,000 last year for investors that flipped homes, with the process from purchase to sale taking about six months.
from Business https://www.ctpost.com/business/article/Study-big-Connecticut-increase-in-house-13652010.php
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