House flipping cools in Houston’s hot housing market (Houston Chronicle)

By Katherine Feser

Houston area investors pocketed less cash on their house flips in the second quarter, according to a new report by national housing data research firm RealtyTrac.

The firm studied homes that were purchased and subsequently sold again within 12 months in its Q2 2014 U.S. Home Flipping Report.

In the Houston market, where house flips make up only 2.2 percent of the total sales compared with 4.6 percent nationally, investors saw an average profit of $13,907 per house, the report found. That’s down sharply from a profit of $27,279 per house in the second quarter of 2013.

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