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Sharing their appreciation
National
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Sharing their appreciation

  • By Alyse DiNapoli, Daily Journal staff
  • Updated

Nearly 30 years after Polly Chan moved to the Peninsula from Hong Kong, she and her husband felt they had achieved most of the American dream …

Profit margin on flipping a home is at a 17-year low due to high prices
National

Profit margin on flipping a home is at a 17-year low due to high prices

  • By ALEX VEIGA AP Business Writer

It pays less and less to buy and flip a home these days. The typical home flipping profit margin fell in the second quarter to its lowest level since 2008, with a typical return of 25.1% before expenses. That's according to an analysis by Attom, a real estate data company. Rising home prices are driving up acquisition costs, making flipping less profitable. The median price for a flipped home reached a record high of $259,700, according to Attom. Meanwhile, with many aspiring homeowners priced out of the market, real estate investors are taking up a bigger share of U.S. home sales overall.