28 Sep Where’s the best place to flip a home?
Pittsburgh, Pa., had the highest rate of return on home flipping in the second quarter of this year, according to a report from Attom Data Solutions.
The report showed 53,638 single family homes and condos were flipped throughout the U.S. in Q2. Attom defined a home flip as “a property that is sold in an arms-length sale for the second time within a 12-month period based on publicly recorded sales deed data.”
Flipped homes in Pittsburgh had an average return investment of 146.6 percent. Behind Pittsburgh, Baton Rouge, La., had an average return of 120.3 percent. Also in the top five were Philadelphia, Pa., with 114 percent, Harrisburg, Pa., with 103.3 percent, and Cleveland, Ohio, at 101.8 percent.