HOUSINGNEWS REPORT
SPOTLIGHT: MEMPHIS
A NEW TWIST ON HOME FLIPS IN MEMPHIS BY JOEL CONE, STAFF WRITER
MEMPHIS HOME FL IPPING RATE AT NEW ALL-TIME HIGH
Memphis is the epicenter of an emerging trend in home flipping — flip-to-rent.
SINGLE FAMILY & CONDO FLIPS
FLIP SHARE OF SALES
900
16.0%
800
14.0%
The Memphis metro area posted the nation’s highest home flipping rate as a percentage of home sales in Q1 2017 (15.1 percent), more than twice the national average of 6.7 percent, according to ATTOM Data Solutions. The 15.1 percent home flipping rate in Memphis even exceeded the previous peak of 14.8 percent in Q1 2004, in the midst of the last housing boom.
700
12.0%
600
10.0%
500
8.0%
400
6.0%
300
4.0%
200
2.0%
100
0.0%
0
15
JULY 2017 | ATTOM DATA SOLUTIONS
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