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Home-flipping profits are the highest in 20 years, but fewer are doing it
CNBC
17/12/2020
Diana Olick
Gross returns for home flippers soared to the highest level in 20 years, according to a new report from ATTOM Data Solutions.
ATTOM attributes the gains to the effects of the deadly coronavirus pandemic that shut down much of the nation, and the world, in the spring.
This all happened in the context of the pandemic, which has created unusual circumstances for the housing market to thrive, and that has included the home-flipping business, said Todd Teta, chief product officer at ATTOM Data Solutions.
Over 57,000 homes in the U.S. flipped, down 6.7% from 2020 Q2 ....

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