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Home flips, or single-family homes and condos
bought and sold within a year period, represented
5. 9 percent of all home sales in 2017, up from 5. 7 percent in 2016, Attom Data Solutions reported. Among
52 metropolitan areas with at least 1 million people,
Memphis, Tennessee, had the highest flipping rate,
at 12. 8 percent, the company said.
“Realtors throughout the country have
noticed both the notable upturn in
buyer interest from young adults over
the past year, as well as mounting
frustration once they begin actively
searching for a home to buy.”
Chief economist, National Association of Realtors
Deputy chief economist, Fannie Mae
“You would have thought by now
that wages and inflation would be
increasing, but we haven’t seen it yet.”
Home prices rise
solidly to start 2018
Driven up by a tight supply of homes
and fierce competition among buyers,
the median existing-home price for all
housing types rose year over year this past
January for the 71st straight month, the
National Association of Realtors reported.
The West region continued to see the
greatest price growth.
Source: Attom Data Solution
*Percentage of all homes purchased that were resold within
Source: National Association of Realtors
Cities With the Highest
Home-Flipping Rates, 2017*
Annual Gain in U.S. Median Home Prices
as of January 2018