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House flippers ‘unaffected’ by pandemic, face uncertainty

CHICAGO (AP) — Chicago-area residents who have made careers out of flipping foreclosed or decrepit homes for profit say the coronavirus pandemic that’s hurt many businesses hasn’t had much impact, so far, on house flipping. Andy Goldman, whose family has been flipping houses since the 1980s, says his business “has been surprisingly unaffected” by the pandemic. But Todd Teta, chief product officer at the real estate research firm ATTOM Data Solutions, tells the Chicago Tribune that it’s still too early to determine the impact of the pandemic on the market.

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Associated Press

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