House Flipping Exploded In 2016 Is The Boom Going To Continue

House Flipping Exploded In 2016 Is The Boom Going To Continue

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DALLAS, TX. – Thanks to television shows like Flip or Flop, and the growth of the Real Estate market across the United States, 2016 was a big year for house flippers in Dallas and many other cities nationwide but the BIG question many investors have is will the boom continue?


About House Flipping In 2016


It’s hardly surprising that 2016 saw the greatest number of house flips since the heyday before the housing crash,according to a recent report from Attom Data Solutions, a real estate data firm. About 193,000 single-family homes and condos were flipped in 2016, according to the report. That’s up 3.1% from 2015, although it’s still 43% lower than the peak of about 276,000 in 2006, just before the housing market cratered.


The report analyzed sales deed data of homes sold twice within a 12-month period.


Source - Realtor.com 


Analyzing The 2017 Real Estate Market, So Far…


Thanks to the Trump Administration, 2017 could be tougher for house flippers due to tighter lending standards and rising interest rates although there are still many affordable neighborhoods in the Dallas area which could present great opportunities for house flippers including Highland Park, Oak Lawn, Bluffview, Main Street, Far North and University Park.


To learn more about if the Dallas real estate market is the right place for you to flip homes, or to view the latest homes for sale, contact me today by calling (972) 523-1389 or click here to connect with me online.


Heath Olinger Headshot
Author:
Phone: 972-523-1389
Dated: March 17th 2017
Views: 475
About Heath: Growing up in Tarrant County and later moving to Dallas County, Heath is well versed in the Dallas-F...

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214-238-8589