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HOME FLIPPING DECLINES AGAIN ACROSS U.S. IN 2024 AS PROFITS REMAIN LOW

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Flipping Activity by Investors Drops for Second Straight Year, Down 32 Percent Over That Time;Investment Returns Inch Upward but Still Sit Near Low Point Over Past Decade;Almost Two-Thirds of Flipped Homes Purchased with Cash

IRVINE, Calif., March 20, 2025 /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released its year-end 2024 U.S. Home Flipping Report, which shows that 297,885 single-family homes and condos in the United States were flipped in 2024. That was down 7.7 percent from 322,782 in 2023 and 32.4 percent from a recent peak of nearly 441,000 reached in 2022.

The report further reveals that as the number of homes flipped by investors declined, so did flips as a portion of all home sales, from 8.1 percent in 2023 to 7.6 percent last year.

In one small potential bright spot for the home-flipping industry, profits and profit margins rose slightly in 2024 on typical buy-renovate-and-resell projects. But margins again remained at one of their low points over the past 10 years as investors continued struggling to take advantage of the nation’s housing market boom.

Gross profits on typical home flips in 2024 increased to $72,000 nationwide (the difference between the median sales price and the median amount originally paid by investors). That was up from $67,846 in 2023 and translated into a 29.6 percent return on investment compared to the original acquisition price.

The latest nationwide return on investment (before accounting for mortgage interest, property taxes, renovation expenses and other holding costs) was up from 28.6 percent in 2023 and from 29.4 percent in 2022. But it remained barely more than half of the 54.2 percent peak over the past decade in 2016.

Investors saw their profit margins tick upward as the median price of the homes they flipped increased slightly faster than the median price they had paid to purchase properties – 3 percent versus 2 percent.

“The home-flipping industry saw investors shy away even more in 2024 amid the extended period of languishing profits. But even as activity waned, there was at least a glimmer of hope that returns were starting to turn around,” said Rob Barber, CEO at ATTOM. “While home flippers still seemed to be having difficulty timing the market for big profits, their margins at least stopped going in the wrong direction.”

He added that “this year poses significant uncertainty for investors, what with a short supply of homes for sale, declining numbers of low-priced foreclosure properties, mixed economic forecasts and elevated mortgage rates. So, they will have to do some very smart buying and quick renovating to keep the profit rebound going.”

Despite the small gain in profits in 2024, home-flipping continued to stand out as a niche of the U.S. housing market that has seen its fortunes tumble even as the broader market has mostly boomed.

Home flipping rates drop in two-thirds of U.S., with biggest decreases in the South and West
Home flips as a portion of all home sales decreased from 2023 to 2024 in 145 of the 213 metropolitan statistical areas analyzed in the report (68 percent).

The largest year over year declines in flipping rates in metro areas with a population of 1 million or more were in Charlotte, NC (down 18.5 percent from last year); Jacksonville, FL (down 16.9 percent); New Orleans, LA (down 16.4 percent); Denver, CO (down 15 percent) and Miami, FL (down 13.6 percent).

Metro areas with a population of 200,000 or more and at least 100 home flips in 2024, where home flipping rates increased from 2023 to 2024, were led by Cedar Rapids, IA (up 49.6% from last year); Bellingham, WA (up 28.2%); Warner Robins, GA (up 26.8%); Merced, CA (up 24.5%); and NorwichNew London, CT (up 23.4%).

2024 Year-End Home Flipping Rate Chart

Home flips purchased with financing dip downward
Nationally, the percentage of flipped homes originally purchased by investors with financing decreased in 2024 to 36.8 percent, down from 37.8 percent in 2023 although still up from 35.6 percent in 2022.

Meanwhile, 63.2 percent of homes flipped in 2024 were originally bought with cash only, up from 62.2 percent in 2023 but down from 64.4 percent two years earlier.

Among metropolitan areas with a population of 1 million or more and sufficient data to analyze, those with the highest percentage of flipped homes in 2024 that had been purchased by investors with financing included San Diego, CA (59 percent); Seattle, WA (58.1 percent); Fresno, CA (50.6 percent); Providence, RI (49.9 percent) and San Francisco, CA (49.9 percent).

In that same group, the metro areas with the highest percentage of flips purchased with all cash included Buffalo, NY (81 percent); Cleveland, OH (77.4 percent); Detroit, MI (76.5 percent); Birmingham, AL (75.7 percent) and Pittsburgh, PA (73.8 percent).

Typical gross profits on home flips grow in nearly two-thirds of nation
Homes flipped in 2024 were sold for a median price nationwide of $315,000, generating a gross flipping profit of $72,000 above the median original purchase price paid by investors of $243,000. That national gross-profit figure was up from $67,846 in 2023 but still down slightly from $72,750 in 2022, which was the second-highest level this century.

Gross profits grew in 141, or 66 percent, of the 213 metro areas across the U.S. with sufficient data to analyze.

Among the 56 metro areas in the U.S. with a population of 1 million or more, those with the largest gross flipping profits on median-priced transactions in 2024 were San Jose, CA ($283,000 profit); San Francisco, CA ($218,000); New York, NY ($175,000); San Diego, CA ($175,000) and Washington, DC ($170,000).

The weakest gross flipping profits among metro areas with a population of at least 1 million in 2024 were in Austin, TX ($8,844 profit); San Antonio, TX ($17,832); Houston, TX ($20,846); Dallas, TX ($24,233) and Kansas City, MO ($39,709).

2024 Year End U.S. Home Flipping Gross Profits & Returns Chart

Home flipping returns up in roughly half of metro-area markets
The profit margin on the typical home flips around the U.S. last year rose to 29.6 percent but still stood at the third-lowest level since 2008. The ROI on median-priced home flips nationwide has dropped 16 percentage points since 2020 and is off by 25 points since the highwater mark over the past decade hit in 2016.

Margins increased last year as the median nationwide resale price on flipped homes went up 3.3 percent, from $305,000 in 2023 to $315,000 in 2024. That represented a slightly larger increase than the 2.5 percent rise in the price investors had originally paid for properties they flipped ($237,154 for homes flipped in 2023 versus $243,000 in 2024).

The typical home-flipping investment return improved from 2023 to 2024 in 116, or 54 percent, of the metro areas analyzed.

Among metro areas with a population of 1 million or more, the biggest percentage-point increases in profit margins on median-priced flips during 2024 were in Cleveland, OH (ROI up from 39.2 percent in 2023 to 72 percent in 2024); Buffalo, NY (up from 83.9 percent to 109.1 percent); Rochester, NY (up from 60.2 percent to 71.5 percent); St. Louis, MO (up from 34 percent to 45.1 percent) and Memphis, TN (up from a 58.2 percent profit to 66.7 percent).

In that same group of markets with populations of at least 1 million, the largest decreases in returns on investment for typical home flips came in Philadelphia, PA (ROI down from 82.4 percent in 2023 to 68.4 percent in 2024); Hartford, CT (down from 59 percent to 45.7 percent); Pittsburgh, PA (down from 123.7 percent to 110.9 percent); Richmond, VA (down from 81.7 percent to 69.7 percent) and Detroit, MI (down from 66.7 percent to 59.2 percent).

Among metro areas with a population of at least 1 million, the biggest gross profit margins in 2024 were in Pittsburgh, PA (110.9 percent profit); Buffalo, NY (109.1 percent); Baltimore, MD (76.3 percent); Cleveland, OH (72 percent) and Rochester, NY (71.5 percent).

Average time to flip nationwide decreases
Home flippers who sold homes in 2024 took an average of 162 days, or about 5 ½ months, to complete the flips. That was down from 169 days for homes flipped in 2023 and 165 days in 2022.

2024 Year End U.S. Average Flip Days Chart

Portion of flipped homes sold to FHA remains about the same
Of the 297,885 U.S. homes flipped in 2024, 10.7 percent, or one of every nine, were sold to buyers using a loan backed by the Federal Housing Administration (FHA). That was virtually the same as the 10.8 percent level in 2023 but up from 8.4 percent in 2022.

Among the 213 metro areas with a population of at least 200,000 and at least 100 home flips in 2024, those with the highest percentage of flipped homes sold in 2024 to FHA buyers — typically first-time home purchasers — were Merced, CA (38.3 percent); Lakeland, FL (27 percent); Bakersfield, CA (25.9 percent); Yuma, AZ (24.6 percent) and Visalia, CA (24.4 percent).

Home flipping rates were at least 10 percent in 160 counties during 2024
Among 870 counties with at least 50 home flips in 2024, there were 160 where flips accounted for at least 10 percent of all home sales last year. The top five were all in Georgia: Houston County (Warner Robins) (23.1 percent); Cobb County (Marietta) (22.5 percent); Clayton County (outside Atlanta) (19 percent); Douglas County (outside Atlanta) (18.6 percent) and Dawson County (outside Marietta) (18.4 percent).

High-level takeaways from fourth-quarter 2024 data:

The 69,929 home flips in the fourth quarter of 2024 were completed by 54,502 investors, a ratio of 1.28 flips per investor.The share of homes flipped in the fourth quarter of 2024 that were purchased by investors with financing represented 36.2 percent of all homes flipped in the quarter – almost the same as the 36.1 percent figure in the previous quarter but down from 37.3 percent in the fourth quarter of 2023. The share purchased with cash remained about the same – 63.8 percent, compared to 63.9 percent in the third quarter of 2024 but up from 62.7 percent in the fourth quarter of 2023.The gross-flipping profit on median-priced home flips in the fourth quarter of 2024 was $66,100. That was down from $70,000 in both the third quarter of last year and the fourth quarter of 2023. The latest figure represented a typical 26.5 percent return on investment (percentage of original purchase price). That was down from 28.6 percent in the previous quarter and from 30.4 percent in late-2023.The latest ROI marked the third-lowest quarterly result in the past 10 years.Home flips completed in the fourth quarter of 2024 took an average of 157 days, up one day from 156 in the fourth quarter of 2023.

Report methodology
ATTOM analyzed sales deed data for this report. A single-family home or condo flip was any arms-length transaction that occurred in the quarter where a previous arms-length transaction on the same property had occurred within the last 12 months. The average gross flipping profit is the difference between the purchase price and the flipped price (not including rehab costs and other expenses incurred, which flipping veterans estimate typically run between 20 percent and 33 percent of a property’s after-repair value). Gross flipping returns on investment was calculated by dividing the gross flipping profit by the first sale (purchase) price.

About ATTOM
ATTOM provides premium property data and analytics that power a myriad of solutions that improve transparency, innovation, digitization and efficiency in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include ATTOM Cloudbulk file licensesproperty data APIsreal estate market trendsproperty navigator and more. Also, introducing our newest innovative solution, making property data more readily accessible and optimized for AI applications – AI-Ready Solutions.

Media Contact:
Megan Hunt
Megan.hunt@attomdata.com

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

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Solid Joins Snowflake and Industry Leaders to Advance Open Standards for AI-Ready Semantic Context

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The Open Semantic Interchange (OSI) creates a universal semantic framework that enables AI agents, analytics platforms, and data systems to share trusted business context across the modern data ecosystem.

NEW YORK, July 13, 2026 /PRNewswire/ — Solid today announced it is joining the Open Semantic Interchange (OSI), an open source initiative that creates a universal specification for all companies to standardize their fragmented data definitions with an open, vendor-neutral semantic model specification. OSI aims to enhance interoperability across various tools and platforms, offering enterprises a vendor-neutral specification that provides consistent metrics and definitions across dashboards, notebooks, and machine learning models.

OSI is an open source initiative led by Snowflake, the AI Data Cloud company, and ecosystem partners across multiple domains and industries including business intelligence (BI), data governance, data engineering, AI, financial services, and manufacturing. Its goal is to create a common, vendor-agnostic specification that defines semantic metadata in a standard, open format. By facilitating seamless semantic metadata exchange, the initiative will accelerate the adoption of AI and BI tools to streamline operations and reduce complexity. This in turn allows organizations to unify their data definitions, leading to more comprehensive and accurate data analysis and data product sharing to fuel AI innovation.

By joining the Open Semantic Interchange, Solid is committed to the creation of a universal standard that simplifies data operations and accelerates innovation for the broader ecosystem,” said Yoni Leitersdorf, CEO & Co-Founder, Solid. “Our participation ensures that semantic context can automatically move seamlessly across AI agents, data warehouses, BI tools, and analytics platforms – enabling organizations to build reliable AI systems on top of a shared, interoperable understanding of their business, without vendor lock-in.”

As a member of OSI, Solid is helping to build a transparent and community-driven standard for semantic model sharing, ensuring that business metrics and definitions remain consistent and interoperable.

“Unlocking the full potential of data and AI requires a common foundation, and the Open Semantic Interchange is the critical step in building that bedrock,” said Josh Klahr, Director of Analytics Product Management at Snowflake. “Our collaboration with partners like Solid establishes a unified, vendor-neutral standard for semantic data, ensuring clarity and consistency across the entire ecosystem. This initiative is essential for simplifying data operations, fostering innovation, and preparing organizations to build the next generation of AI applications.”

OSI is poised to revolutionize interoperability within the data and AI ecosystem by providing a transparent, community-driven standard. This collaborative effort simplifies data operations, unlocks new possibilities for innovation, and gives organizations the flexibility and efficiency they need to build a future-ready data infrastructure.

To learn more about the Open Semantic Interchange visit Snowflake’s blog here.

About Solid

Solid is the AI-native context layer for enterprise AI, automatically creating, evaluating, and maintaining the semantic context AI agents need to understand and act on business data reliably. Unlike legacy semantic layers built for dashboards and manual modeling, Solid continuously benchmarks accuracy, detects data changes, and keeps AI systems aligned as the business evolves. The result is faster deployment of trusted AI agents, workflows, and analytics across any data warehouse or AI platform.

To learn more about Solid, visit getsolid.ai

Media Contact: Blair Bader, blairb@getsolid.ai

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Orbis Marks 30 Years of Advancing Eye Health in Vietnam Through Long-Term Partnership and Training

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Flying Eye Hospital project in Da Nang, supported by FedEx, advances locally led eye care and expands access across Central Vietnam and the Central Highlands.

DA NANG, Vietnam, July 24, 2026 /PRNewswire/ — Global eye care nonprofit Orbis International is marking three decades of collaboration with Vietnam’s eye health community, a long-term partnership that has helped build local expertise, strengthen institutions, expand access to care, and support Vietnam’s growing leadership in eye health across the Asia-Pacific region.

The arrival of the Orbis Flying Eye Hospital in Da Nang represents the next chapter in that partnership. At the invitation of Da Nang Eye Hospital and with approval from the People’s Committee of Da Nang City, and support from Da Nang Department of Health, and other relevant departments and local authorities, the project will serve as a platform for hands-on training, innovation, and knowledge exchange. Through clinical training and mentorship across key specialties, the project will help approximately 230 eye care professionals build skills that will benefit communities for years to come, while supporting access to specialized services for nearly 9 million people in Central Vietnam and the Central Highlands.

Cybersight, Orbis’s telemedicine and e-learning platform, is an integral part of every Flying Eye Hospital project—connecting in-person training with continuous learning before and after the aircraft is on site. Through Cybersight, participants can prepare in advance, consult with global experts, access ongoing education, and continue building skills long after the project concludes, extending the impact of the Flying Eye Hospital far beyond the aircraft itself.

“This project is not a standalone intervention; it is the latest chapter in a long-term partnership to advance Vietnam’s eye health system,” said Ngoc Pham, Orbis Vietnam Country Director. “The most important outcome is not what Orbis has done in Vietnam, but what Vietnamese institutions and eye care professionals now lead themselves. Our role at Orbis is increasingly to support, convene, innovate, and accelerate that local leadership so progress continues long after the Flying Eye Hospital departs.”

“Around the world, Orbis is focused on creating lasting change by investing in people, institutions, technology, and local leadership,” said Kathleen Sherwin, President and CEO of Orbis International. “The Flying Eye Hospital is one part of that larger model—bringing intensive, hands-on training together with tools like Cybersight, artificial intelligence (AI), and research so local teams can continue improving care long after a project ends. Vietnam shows what is possible when long-term partnership helps proven solutions take root and scale.”

Building on decades of progress, Vietnam is emerging as a regional leader in eye health, with particular strengths in pediatric care, diabetic retinopathy, retinopathy of prematurity, workforce development, and technology-enabled care. Its growing experience in AI-supported screening, implementation, research, and evidence generation can help inform eye health progress across the Asia-Pacific region.

FedEx, a long-time supporter of Orbis, and a title sponsor for this Flying Eye Hospital project in Vietnam, donated the MD-10 aircraft that serves as the Flying Eye Hospital and continues to provide essential logistical, financial, and operational support. Volunteer pilots from FedEx fly the aircraft to its destinations around the globe. FedEx is represented on the Orbis International Board of Directors.

“At FedEx, we believe that connecting people goes beyond delivering packages – it is about creating opportunities and helping communities thrive,” said Ee-Hui Tan, managing director of FedEx Vietnam and Cambodia. “We are proud to support the return of the Orbis Flying Eye Hospital to Vietnam. Together with Orbis, we are investing in the knowledge and skills of healthcare professionals, helping strengthen Vietnam’s eye care system so more patients can access quality care closer to home.”

Underscoring Orbis’s commitment to high-quality training and patient care, QUAD A, a nonprofit accreditation organization, works with Orbis to ensure that the Flying Eye Hospital meets rigorous standards that prioritize patient safety.

Over the past 30 years, Orbis has supported the training of more than 40,000 eye care professionals and helped expand access to care for millions of people across Vietnam. Today, Vietnamese institutions and professionals are increasingly leading innovation and delivering high-quality care independently, demonstrating the impact of sustained investment in local capacity, technology, and systems change.

Looking ahead, Orbis will continue working with partners across Vietnam to scale proven solutions through workforce development, technology, Cybersight, AI-supported screening, research, and stronger health systems—so that more people can receive quality eye care closer to home.

Orbis in Vietnam

Since beginning work in Vietnam in 1996, Orbis has worked alongside government partners, hospitals, and training institutions to expand access to quality eye care and build sustainable local capacity. Cumulative impact includes:

More than 40,000 eye care professionals trained.More than 5.2 million people reached with eye care services.More than 139,000 sight-saving surgeries supported.17 retinopathy of prematurity centers supported.12 vision centers strengthened to bring care closer to communities.National clinical guidelines supported across priority eye health areas.Cybersight and AI-supported screening deployed to expand training, consultation, and early detection.

This work has supported national clinical guidelines, stronger referral pathways, improved treatment outcomes, and new models of care in areas including retinopathy of prematurity, pediatric eye care, school eye health, cataract, diabetic retinopathy, and glaucoma.

As the partnership continues, Orbis and its partners are focused on scaling proven solutions through workforce development, technology, Cybersight, AI, research, and stronger health systems—so that everyone can access quality eye care closer to home.

About Orbis International

Orbis International works around the world to prevent blindness and restore sight for children and adults in places where eye care is out of reach—so vision problems don’t make it harder to learn, earn a living, or enjoy life. Around 1.1 billion people live with vision loss, but with the right care, 90% of it is completely avoidable. That is why Orbis trains doctors, nurses, and other eye care professionals to provide care in their own communities—and works to make sure people of all ages can access the eye exams, glasses, medicine, and surgeries they need to protect and restore their sight. Orbis began this work more than 40 years ago with the Flying Eye Hospital, a teaching hospital on a plane that brings expert training and care where they’re needed most. Today, we also work with local hospitals and clinics across Africa, Asia, and Latin America to make eye care available to more people, and we use and develop technology—like our award-winning Cybersight e-learning and telehealth platform, artificial intelligence screening, and virtual reality training—to help eye care teams treat patients more effectively. Orbis ranks in the top 3% of U.S. charities, having earned top marks for transparency and accountability from Charity Navigator, GuideStar, and the Better Business Bureau. To learn more, please visit orbis.org

About FedEx Corp.

FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $92 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

Media Contacts

Orbis Vietnam
Nhung Nguyen
Communications Officer
Nhung.nguyen@orbis.org
+84 0904562983

Orbis International
Jenna Montgomery
Interim Lead, Global Communications and Marketing
Jenna.montgomery@orbis.org

FedEx
Heather Harshbarger
Communications Advisor
+1 901-690-9869

 

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In HelloNation, Property Management Expert Karen Nolan Explains What Property Managers Do for Landlords

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The article outlines how property management services support landlords through tenant screening, maintenance, and lease enforcement.

MENIFEE, Calif., July 24, 2026 /PRNewswire/ — What do property managers actually do for landlords in Menifee, CA? HelloNation has published an article that provides clear answers and practical insight into the full scope of property management services.

 

The HelloNation article explains that a property manager handles far more than rent collection. Property management services begin with marketing vacancies and attracting qualified renters in Menifee, CA. The article explains how tenant screening plays a central role in protecting landlords by carefully evaluating applicants and reducing the risk of future issues.

According to the article, tenant screening helps ensure that each tenant meets financial and behavioral expectations. This step supports stable occupancy and reduces turnover, which is critical for any landlord managing property in Menifee, CA. Property Management Experts note that consistent tenant screening also helps maintain the long-term value of rental properties.

Once tenants are placed, the article outlines how a property manager becomes the main point of contact. Property management services include responding to tenant concerns, handling communication, and enforcing leases. By managing these responsibilities, the property manager allows the landlord to avoid direct disputes and maintain professional distance.

The article emphasizes that lease enforcement is essential to protecting both the property and the agreement. Property managers monitor compliance with lease terms and address violations when necessary. This structured approach helps landlords in Menifee, CA, maintain order and consistency across their rental properties.

Maintenance is another major focus of property management services. The article explains that property managers coordinate maintenance and oversee property repairs to keep homes safe and functional. While they may not perform repairs themselves, they manage vendors, schedule work, and respond to urgent issues quickly.

The article notes that timely maintenance and property repairs prevent small issues from becoming larger and more expensive problems. This proactive approach supports tenant satisfaction while preserving the property’s condition. Property Management Experts highlight that consistent maintenance planning is a key benefit for any landlord.

Beyond daily operations, the HelloNation article describes the administrative side of property management services. A property manager prepares leases, maintains records, and ensures compliance with local and state regulations in Menifee, CA. This includes staying informed about legal requirements that affect landlords and rental properties.

Financial oversight is also part of the role. The article explains that property managers handle rent collection, manage deposits, and provide regular financial reporting. These services give landlords a clear understanding of property performance without requiring constant involvement.

For landlords who own multiple properties or live outside Menifee, CA, the article highlights the value of professional property management services. A property manager helps streamline operations, coordinate maintenance, and ensure that lease enforcement and tenant screening are handled consistently. This reduces stress while improving efficiency.

The article concludes that understanding the full role of a property manager helps landlords make informed decisions about their level of involvement. With responsibilities that include tenant screening, maintenance, lease enforcement, and property repairs, property management services offer a comprehensive solution for effectively managing rental properties.

What Do Property Managers Actually Do for Landlords in Menifee features insights from Karen Nolan, Property Management Experts of Menifee, California, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content with storytelling, HelloNation delivers expert-driven, good-news articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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