Fix-and-flip investors experienced diminishing returns with a 28.7% ROI in Q3 2024, down from 31.2% in Q2, reflecting challenges in profitability from increased costs.
Attom CEO Rob Barber states that home flippers are facing persistent challenges after signs of improvement, now adversely impacted by high interest rates and inflationary pressures.
The report indicates that although home flipping represented 7.2% of U.S. home sales, this marked a decline from previous quarters, emphasizing ongoing difficulties for investors.
Rising costs in renovation, mortgage payments, and utilities are significantly impacting the profit margins for fix-and-flip investors, challenging their ability to entice new participants into the market.
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