Home flipping is down in Oregon, but profits have increased significantly.
Home flipping is down in Oregon, but profits have increased significantly.
According to the latest data from RealtyTrac, there were 949 single-family home flips in the first half of 2013 in Oregon. Each home was purchased at an average price of $187,391; when they were resold again a few months later, sellers banked more than $37,000 in profit.
That’s a 47 percent decrease in homes flipped from the first half of 2012 — but although flipped homes last year were losing money, flipping homes this year is proving to be profitable. And the return for Oregon investors — 20 percent — was much better than the 9 percent national average.
Read more at The Statesman Journal.
