Crazed Fed money printing is bringing back crazed house flipping.
Baltimore topped the list among metropolitan statistical areas with at least 50 completed single-family home flips in the first three months of the year. There, flippers reaped a 94.1 percent gain, calculated as average gross profit as a percentage of the average original home-purchase price.
The overall average return on U.S. flips completed last quarter was 35.1 percent, according to RealtyTrac.
- RW
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