Is House Flipping on the Decline?admin / 0 Comments /
The number of real estate investors looking to flip their investment for a quick profit took a dip last month leading speculators to wonder if a shift is emerging toward a “buy and hold” strategy. According to the 2015 Real Estate Investor Activity Report released by Auction.com, the number of investors looking to flip a home dropped 3 percent since first quarter while the number of investors planning to rent increased 3.5 percent. Auction.com says one explanation for the change is a shift in investment strategies for real estate investors in Texas. Without oil to boost growth in the Texas economy, investors fear demand for home sales is down and are looking to rent instead of flip.
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