Housing market is ripe for flippers

Realtor and house flipper Michelle Nevius-Haines, right, works with her husband Ron Haines in a house she is renovating in Kettering. TY GREENLEES / STAFF

Realtor and house flipper Michelle Nevius-Haines, right, works with her husband Ron Haines in a house she is renovating in Kettering. TY GREENLEES / STAFF
Business
By Randy Tucker
Updated Nov 6, 2016
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Home-flipping — or buying foreclosed or distressed properties and then renovating and selling them — is at its highest level nationally since 2010, according to the most recent data from the industry data tracker, ATTOM Data Solutions, formerly RealtyTrac.

In the second quarter alone, more than 51,000 U.S. single family homes and condos were flipped, which ATTOM defines as any home bought and resold within a 12-month period, excluding purchases by banks and government entities.

ExploreFollow this link to see why Dayton is such a ripe market for flippers.
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About the Author

Randy Tucker