Posted in home repair

Home Flipping Declines But Profits Rebound Across U.S. In Second Quarter Of 2020

Home Flipping Rate Down From First Quarter of 2020; Typical Investment Return Rises to Highest Level Since Late 2018; Percent of Flips Financed With Cash Dips But Remains High

IRVINE, Calif., Sept. 17, 2020 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Flipping Report showing that 53,621 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 6.7 percent of all home sales in the second quarter of 2020, or one in 15 transactions. That figure was down from 7.5 percent of all home sales in the nation during the prior quarter, or one in 13, but up from 6.1 percent, or one in 17 sales, in the second quarter of last year.

ATTOM Data Solutions (PRNewsfoto/ATTOM Data Solutions)
ATTOM Data Solutions (PRNewsfoto/ATTOM Data Solutions)

U.S. Home Flipping Trends

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Posted in home improvement loans

Home Flipping Declines But Profits Rebound Across U.S. In Second Quarter Of 2020 | Nachricht

IRVINE, Calif., Sept. 17, 2020 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Flipping Report showing that 53,621 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 6.7 percent of all home sales in the second quarter of 2020, or one in 15 transactions. That figure was down from 7.5 percent of all home sales in the nation during the prior quarter, or one in 13, but up from 6.1 percent, or one in 17 sales, in the second quarter of last year.

ATTOM Data Solutions (PRNewsfoto/ATTOM Data Solutions)

U.S. Home Flipping Trends Chart

While the home-flipping rate dropped from the first to the second quarter, both profits and profit margins rose. The gross profit on the typical home flip nationwide (the difference between the median sales price

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Posted in home remodeling

Sector Watch: Work-from-home stocks look to rebound (NYSEARCA:WFH)

Work-from-home stocks tracked the broader technology selloff into correction territory last week.

The Nasdaq Composite is down 10.7% from its recent high, in what’s considered a correction. The Nasdaq 100 is also down 10.7%. Both fell below their 50-day simple moving averages this week.

“Prudence, rather than conviction about what the future may hold, suggests that a partial rebalance out of QQQ and its richly-valued components is probably a good idea at current levels,” D.M. Martins Research wrote on Seeking Alpha.

The Direxion Work From Home ETF (NYSEARCA:WFH) is down 2.2% in the last five days, but is off 10.7% from its recent September highs.

Cloud communications company Twilio (NYSE:TWLO) is the largest holding, at 4.95% of the ETF. It’s down nearly 4% in the last five days and off more than 20% from the recent closing high hit on Sept. 1. But it’s still up more than 157% in

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