House flippers are back in big numbers and driving up home prices
Share Now on:
Housing prices have pretty much done nothing but rise for a long time now. That hasn’t just been good news for sellers, but it’s been good news for house flippers, who are back with a vengeance. Flipping — the high-risk art of buying a house, fixing it up and selling it for a sizeable profit within a year — is at a 10-year high, according to a study out today from ATTOM Data Solutions. Could we be heading into a housing bubble?
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.