Number of single-family homes and condos flipped in the U.S. 2000-2024
In the second quarter of 2024, the number of single-family homes and condos which were flipped in the U.S. reached 79,540 which was an increase from the previous quarter but lower than the same quarter the year before. House flipping is a real estate term which refers to the practice of an investor buying property with the aim of reselling them for a profit. The investor either invests capital into each respective property in the form of renovations or simply resells the properties if home prices are on the rise.