House Flippers Bounce Back!

Posted: May 10, 2015 | Source: www.cnbc.com

Home sales are better, prices are higher and house flippers are back at work, and making record profits. The average gross profit on a house that resells within one year after a previous sale – a good indication of a flip – increased to $72,450 in the first quarter of 2015. However, the number of home flips is lower than it was in 2014.