Report: Columbus home-flipping market not so hot

COLUMBUS, Ohio (WTVN) -- There are some "hot" and some "not-so-hot" cities when it comes to "fixer-uppers".  Columbus, apparently, falls into the last category.

Attom Data Solutions latest home flipping report shows Ohio's capital city with a return on investment (ROI) of just under 51% in the third quarter, compared to Cleveland, which had an ROI of close to 99%.

Pittsburgh, PA's ROI was nearly 148%.

The company says home flipping profits are being squeezed, not only by a dwindling inventory of properties conducive to flipping, but also more competition from fair-weather home flippers often willing to operate on thinner margins.

(Photo courtesy Getty Images)

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