Higher purchase costs, higher material costs, higher labor costs, and less available and buildable land point to potential Market top.

According to Adam Data Solutions, the flipping volume has been falling yearly buy a double-digit percentage for 3 out of the last 6 months.

According to the analysis the number of Home flips decline within the last 12 month. By 18% in August as compared to 2017.

It appears that even flippable homes have appreciated significantly over the last 12 months to reduce the profitability margins for home flippers.

There also seems to be the reduction in potential home buyers due to the increase in mortgage rates.

According to this recent report, in California home flips fell by 22% annually.

Also, the report the single-family rental business now is booming. According to the report it is taking much longer to sell a flipped home, which now average is 186 days from purchase to cell. This is the longest span of time since June of 2006.

The inventory that flippers have to choose from has also been greatly reduced. With the national foreclosure rate at historic low levels, all the homeowners are staying put at a higher rate than normal.

If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.

Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.