plummeted Archives

Demand For Vacation Homes Plummeted In 2023

United States homebuyers took out 90,772 mortgages for second homes in 2023 — 40 percent fewer than they did in 2022. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Drastically fewer Americans [...]read more

Home flipping activity and profits plummeted in 2023: Attom

March 24, 2024 mpsingh No Comments Real estate activity, Attom, Attom Data Solutions, Flipping, Home, plummeted, profits, Single-Family Housing

The landscape for home flipping across the country was challenging in 2023 as fewer single-family homes and condominiums were flipped and investment returns on these projects declined. A total of 308,922 single-family homes and condos were flipped in 2023, down 29.3% from the 436,807 flips in 2022. This marked the largest annualized decline for the [...]read moreHome flipping activity and profits plummeted in 2023: Attom