Flipping houses down in Oregon

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Friday, July 19, 2013

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.

 

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