The house flipping market appears to be cooling off in metro Detroit. But it is heating up in other parts of Michigan.
Home flipping is where someone buys a home, fixes it up and sells it again quickly for a profit. Hopefully.
Michigan is not one of the hotter flipping markets. But Daren Blomquist, with real estate tracking company Attom, says it’s getting warmer.
“We still saw nearly 1500 properties being flipped in the state during the quarter and that’s the ninth highest of any state nationwide,” says Blomquist.