America’s Most Flipworthy Hotspots
Realtor.com says that flipping is back and it’s better than ever! In fact they report (like many others) that the number of flipped properties is reaching levels not seen in a nearly decade. So, Realtor.com’s number-crunchers put their pencils to paper and identified the largest 100 markets by ratio of flips to all home sales and came up with America’s most “flipworthy” hotspots.
They are:
- Deltona, FL
- Stockton, CA
- Nashville, TN
- Tampa, FL
- New Orleans, LA
- Los Angeles, CA
- Knoxville, TN
- Providence, RI
- Phoenix, AZ
- Denver, CO
“Flipping activity is hot again, due to the fact that we are seeing strong price appreciation, driven by strong economic and demographic demand,” says realtor.com’s chief economist, Jonathan Smoke. “It’s up in markets where prices are at new record highs. It’s also up in markets where there remain undervalued homes.”
Click here to read the full story on Realtor.com.
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