COLLEGE STATION, Texas (KBTX) – According to new data released by Attom, a property database and real estate research company, home flipping increased in the United States while profit margins continued to drop.
Despite the red hot housing market, College Station saw the smallest raw profits margins on typical home flips in the second quarter of 2021. Home flippers in College Station saw on average a 1.2 percent return on investment or $2,779 profit. College Station is not alone in this trend. Profit margins dipped in 112 of 182 metro areas from the first quarter of 2021 to the second quarter of 2021. Home flippers in regions of the state like Houston and Austin saw profits between $24,000 and $27,000.