According to a report by GSA Business, house flipping in South Carolina has slowed, dropping from 5.3 percent of total sales in the first quarter of 2014 to 4.5 percent in the second quarter.
Flipping is defined as being sold twice in the same 12 month period.
In the Upstate, in Greenville 4.1 percent of all house sales were flips, down 42 percent. Spartanburg was higher at 4.9 percent, but still down 13 percent. And in Anderson, 5.1 percent of houses sold were flips, up 26 percent. Pickens County also saw a rise in flips to 4.6 percent, a 47 percent jump.
Read the complete report at GSA Business by clicking here.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
No comments:
Post a Comment