According to ATTOM’s just released Year-End 2021 U.S. Home Flipping Report, the number of single-family homes and condos flipped in the U.S. in 2021 was up 26 percent from 2020, to the highest point since 2006. Although, home flips in 2021 represented just 5.5 percent of all home sales in the nation during the year, down from 5.8 percent in 2020 and 6.1 percent in 2019.

ATTOM’s latest home flipping analysis found that home flips as a portion of all home sales decreased from 2020 to 2021 in 53 percent of the metro areas analyzed, with nine of the 10 biggest decreases in the Northeast and West. Those were led by Honolulu, HI (rate down 83 percent); Atlantic City, NJ (down 73 percent); Manchester, NH (down 57.7 percent); Rochester, NY (down 48 percent) and Cedar Rapids, IA (down 47.8 percent). Metros qualified for the analysis if they had a population of at least 200,000 and at least 100 home flips in 2021.

The year-end report stated that home flipping rates increased from 2020 to 2021 in 47 percent of metro areas with sufficient data, with the largest annual increases in Provo, UT (rate up 114.3 percent); Salt Lake City, UT (up 113.4 percent); Austin, TX (up 111.2 percent); College Station, TX (up 97.4 percent) and Ogden, UT (up 95 percent)