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Home » Store » News » Property Flipping Weakens in April

Property Flipping Weakens in April

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Investor appetite for buying and flipping residential houses appears to have eased in April, and Texas may be partially to blame, according to Auction.com’s 2015 Real Estate Investor Activity Report for April. In April, there were fewer investors looking to flip their house purchase: 50.4 percent, down from 53.5 percent for the first quarter of 2015, the report noted. The percentage of investors planning to hold the residential property and rent it out grew to 48.3 percent last month from 44.8 percent in the first quarter.Although there was strong preference among investors in live auctions for flipping over hold-to-rent in states where Auction.com conducts live bidding, there was less enthusiasm for it in Texas, the report noted. The Lone ...
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