D.C. saw flipped home sales drop last year

Data: ATTOM. Note: A flip is defined as any transaction between an unrelated buyer and seller within 12 months of a previous transaction. Chart: Axios Visuals The share of home sales in the D.C. area that were flips dropped at the end of last year compared to the same period in 2022, per real estate data company ATTOM. Why it matters: 2023 saw decreased inventory and sales across the board as people held on to homes while waiting out mortgage rates, or because they were locked into pandemic-era rates. The...