Hubzu Identifies Top 25 Markets for REO Fix-and-Flip Properties
Altisource Portfolio Solutions S.A. (ASPS)
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Source: GlobeNewswire
LUXEMBOURG, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Hubzu, a leading online real estate marketing platform, today released data uncovering the top 25 U.S. metropolitan statistical areas (MSAs) for Real Estate Owned (REO) fix-and-flip properties that were bought and sold from October 2018 to October 2019. Virginia Beach, VA, Richmond, VA and Cleveland, OH came out on top for investors pursuing REO fix-and-flip properties based on a number of factors including the number of REO flip properties in the market, profit after the repairs and average number of days the listing is on the market after repairs are complete. The Hubzu® data uncovered that the top REO fix-and-flip markets are dominated by areas on the East Coast, with half of the markets located in that area. Meanwhile, the West Coast offers fewer opportunities for fix-and-flip investors with only two markets making the list – Riverside, CA and Tucson, AZ. Additional insights for the top 25 markets, include: On average, investors in
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