What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

How real estate agents can increase profitability in 2021

As real estate professionals strategize on how to do business in this competitive, fast-paced market, they’ll discover the need for better tools to market their listings.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Real Estate

Here are the 10 hottest neighborhoods for home flipping

Gains on home flips hit all-time high in 2015

Last year was the strongest year yet for home flippers, with gains on flips in 2015 hitting $102,400 per flip on average, up from $98,500 in 2014 and significantly higher than the peak of $90,900 during the last housing boom, according to a report from real estate brokerage Redfin.

Interestingly enough, despite the huge gains in flipping homes, the overall amount of houses flipped was relatively low. 

In 2015, Redfin estimated 43,000 homes were flipped in 28 markets, falling well below 2005's peak volume of 95,000 homes.

See below for the number of homes flipped.

Click chart to enlarge

Number of Homes Flipped - Redfin

(Source: Redfin)

Redfin’s analysis also included its rankings of the country’s 10 hottest neighborhoods for flipping gains. Home flippers walked away with the biggest gains in neighborhoods located in Washington, D.C.

See picture below for the rest of the top 10 neighborhoods for flippers.

Click the chart to enlarge

Top 10 Housing Neighborhoods for Flipping Gains

(Source: Redfin)

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3d rendering of a row of luxury townhouses along a street

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