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Home Flipping Activity and Profits Down in Q3

Home Flipping Activity and Profits Down in Q3

by Phil Hall | Dec 12, 2024 | Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 74,618 single-family homes and condominiums were flipped in the third quarter, according to new data from ATTOM. This accounted for 7.2%, or one of every 14 home sales, during that period. The third quarter total is down slightly from 7.6% of all sales in...
Home Flipping Activity and Profits Down in Q3

New Pennsylvania Law Addresses Residential Wholesaling Abuses

by Phil Hall | Jul 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania Gov. Josh Shapiro has signed a new bill into law designed to protect home sellers and buyers in residential wholesaling transactions. Senate Bill 1173, which was sponsored by Republican Sens. Pat Stefano and Greg Rothman, requires anyone conducting...
Home Flipping Activity and Profits Down in Q3

Home Flipping Activity Enjoys Q1 Upswing

by Phil Hall | Jun 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 67,817 single-family homes and condominiums were flipped in the first quarter, according to new data from ATTOM. This represents 8.7% of the quarter’s home sales, or one of every 12 transactions. The first quarter’s activity was up from 7.7% of all home...
Backflip Closes $15 Million Series A Funding Round

Backflip Closes $15 Million Series A Funding Round

by Phil Hall | Apr 30, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Backflip, the Dallas-headquartered real estate fintech, announced its closing of its $15 million Series A funding round. Backflip is designed to enable real estate investors to acquire and renovate single-family homes, with the goal of reselling the properties at a...
FTC Sending $10 Million in Refunds to Real Estate Training Scam Victims

FTC Sending $10 Million in Refunds to Real Estate Training Scam Victims

by Phil Hall | Mar 25, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) is distributing more than $10 million in refunds to consumers who paid for a real estate investment training program that allegedly made empty promises about earning big profits by flipping houses. The FTC and the Utah Division of...
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