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Report: Home Flipping Declines Again in 2024, Profits Remain Low
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US Home Flipping Activity Declines Again in 2024, Profits Stay Low Despite Slight ROI Increase, ATTOM Report Finds
If working with investors and flippers is your niche, you may be interested in this report. Home flipping activity in the U.S. has dropped for the second consecutive year in 2024, with profits remaining low despite a slight increase in investment returns. ATTOM’s latest data reveals that 297,885 homes were flipped last year, a decrease of nearly 8% from 2023 and a 32% drop from the 2022 peak. While gross profits on typical flips rose slightly to $72,000, the return on investment (ROI) stayed near a decade-low of 29.6%.
Two-thirds of flipped homes were bought with cash, and the portion of flips as a share of total home sales decreased to 7.6%. Metro areas like Charlotte, NC, and Jacksonville, FL, saw the largest declines in flipping rates. However, cities like Cleveland and Buffalo reported higher-than-average profits. Experts warn that with mortgage rates still high and market uncertainty, investors will need to make quick moves to stay profitable in 2025.
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Housing Regulator in Crisis as Bill Pulte Fires Executives, Places Key FHFA Officials on Leave
The top housing regulator is in turmoil as key executives and employees are placed on leave. Earlier this week, Bill Pulte, newly appointed head of the Federal Housing Finance Agency (FHFA), fired 14 members of Fannie Mae and Freddie Mac’s boards and took control as chairman of both companies, despite legal restrictions.
Pulte, who was sworn in just last Friday, has swiftly made changes, including firing Freddie Mac’s CEO, Diana Reid, and placing senior officials at FHFA, including the COO and HR Director, on administrative leave.
This upheaval comes as the Trump administration considers privatizing Fannie Mae and Freddie Mac, a move that could be financially lucrative for private investors but is met with resistance from many Democrats who fear it could destabilize the housing finance market. The FHFA and Freddie Mac declined to comment on these sudden changes.
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Key Discovery Update in Acevedo v. eXp World Holdings: Depositions Delayed, New Trial Date Proposed Amid Ongoing Allegations of Sexual Assault and Corporate Misconduct
And finally, In the ongoing legal battle of Fabiola Acevedo v. eXp World Holdings, a critical motion was filed on March 19, 2025, highlighting a key discovery update in this complex case. The plaintiffs’ attorney provided a summary of significant depositions and scheduling challenges.
Earlier in the case, depositions were held for eXp Realty’s corporate representatives in August and October 2024, with eXp agreeing to reschedule plaintiffs’ depositions for December due to scheduling conflicts. However, it seems the case is still facing delays, as eXp’s Glenn Sanford is now scheduled for deposition on March 21, 2025, with eXp Holdings set for March 28, 2025.
A new trial date has been proposed, moving it from June 20th to September 18, 2025, with plaintiffs’ depositions—including key victims of alleged sexual assault—set to take place mid-April. The defense will conduct physiatric examining for all the alleged sexual assault victims.
This case involves serious allegations of sexual assault, sex trafficking, and corporate misconduct by executives at eXp Realty, with claims that women were drugged and sexually assaulted during recruitment events, facilitated by eXp. eXp World Holdings, Glenn Sanford, Brent Grove, David Golden and Michael Bjorkman are all defendants in this case. They were granted partial dismissals to some but not all of their charges in January 2025.
Defendant David Golden has filed an objection to the motion.
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