According to a new report by ATTOM Data Solutions, a typical home flip showed a 33.5% return on investment in the second quarter, the lowest since the first quarter of 2011 and down from 40.6% a year earlier.
Meanwhile, the home-flipping rate rose to 4.9% of all home sales in the second quarter, up from 3.5% the previous quarter but still low compared with recent years, according to ATTOM.