RealtyTrac Reports 19 Percent Increase in Home Flips During First Half of 2013

Real estate investors flipped 136,184 single family homes during the first six months of 2013, according to RealtyTrac’s Midyear 2013 Home Flipping Report. Investors made an average gross profit of $18,391 on those flips, a 9 percent return on the initial purchase price. RealtyTrac Vice President Daren Blomquist discusses the general findings in the report including which areas of the country experienced the most home flips during the period.
 

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