Winston-Salem Ranks High in US for Flipped Homes

Flipped homes in the Winston-Salem metropolitan statistical area – homes purchased and resold within 12 months – totaled 204 in the second quarter, according to Attom Data Solutions.

Out of all home purchases, 8.3 percent accounted to flipped homes, which positioned Winston-Salem as a tied ranking for ninth in the country at that percentage.

“Home flippers are employing a number of strategies to give them an edge in the increasingly competitive environment where flipping yields are being compressed,” said Daren Blomquist, senior vice president at Attom.

The Greensboro-High Point MSA tied for 66th place at 5.3 percent.

– Jamie Schwint, Contributor