Hampton Barringer Luzak is a professional creative who has worked in various departments, from marketing to directing to on-air reporting. One of Hampton Luzak’s interests includes house flipping which is the restoration of sub-par homes to sell them later for a profit. House flipping is more prevalent in the United States than ever, with nearly 100,000 homes being bought, renovated, and sold in short order in 2021. According to real estate statistics, this is the most houses that have been flipped since 2006. Although the practice is becoming popular, other statistics show that the world of house flipping is more complicated than it would appear. Despite the record numbers of house flips, the overall inventory of available homes has been steadily declining. Consequently, prospective house flippers face stiff competition from others in their field in auctions for low-value properties. Furthermore, labor shortages have made fixing larger properties more expensive and time-consuming. House flippers with financial partners, budgeting know-how, and a solid understanding of what factors affect a house’s chance of selling (beautiful houses in unpleasant neighborhoods are usually hard to sell, for example) stand the best chance of making a profit in this climate.

1. The Changing Landscape of House Flipping
Hampton Luzak

2. Introduction
Hampton Barringer Luzak is a professional creative who has worked in various
departments, from marketing to directing to on-air reporting. One of Hampton Luzak’s
interests includes house flipping which is the restoration of sub-par homes to sell them
later for a profit.

3. House flipping is more prevalent in the United States than ever, with nearly 100,000
homes being bought, renovated, and sold in short order in 2021. According to real
estate statistics, this is the most houses that have been flipped since 2006. Although
the practice is becoming popular, other statistics show that the world of house flipping
is more complicated than it would appear.

4. Despite the record numbers of house flips, the overall inventory of available homes has
been steadily declining. Consequently, prospective house flippers face stiff competition
from others in their field in auctions for low-value properties. Furthermore, labor
shortages have made fixing larger properties more expensive and time-consuming.
House flippers with financial partners, budgeting know-how, and a solid understanding of
what factors affect a house’s chance of selling (beautiful houses in unpleasant
neighborhoods are usually hard to sell, for example) stand the best chance of making a
profit in this climate.