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- House-flipping profits continued to rebound in the second quarter, according to ATTOM.
- That's as home prices grew between the time a property was purchased and sold.
- But the volume of home-flipping activity fell, accounting for 1 of every 13 sales.
Surging US home prices this year have pushed profits up for house flippers in the second quarter, ATTOM reported on Thursday.
Gross profit on a typical house flip increased to $66,500 in the second quarter, up 18% from $56,250 in the first quarter, though that's well below the all-time high of $102,063 in 2022.
That translated to a 27.5% return on investment, still well off the 61% record high, but up from 22.9% in the first quarter and 22.3% in the fourth quarter.