House Flipping Spikes As Profits Fall To 13-Year Low
One in 10 home or condo sales in Q1 were were flips– the highest level since at least 2000
One in 10 home or condo sales in Q1 were were flips– the highest level since at least 2000
Atlanta, Jacksonville and Charlotte among the top U.S. cities for investors purchases
Every city in Zillow’s latest list is a suburb roughly 30 minutes from the nearest city center
The company is home to real estate brands including CENTURY 21, Coldwell Banker, Corcoran and Sotheby’s International Realty
On the positive side, quarterly revenue was up 25 percent year-over-year to $1.4 billion
Loan origination volume was down 26 percent from the end of 2021
Year-over-year, the brokerage’s revenue was up by $36.1 million
Agents closed 5.2 percent less deals and brought in 5 percent less listings compared to 2021
70 percent of 185 metros tracked by NAR recorded a double-digit price gains
The news marks the company’s fourth billion-dollar quarter in a row
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