2 Florida cities among leaders in home 'flipping' - Fox29 WFLX TV, West Palm Beach, FL-news & weather

2 Florida cities among leaders in home 'flipping'

ORLANDO, Fla. (AP) -- Two Florida metro areas were among the leaders last year in house flipping.

The research firm RealtyTrac said Thursday that Tampa and the Daytona Beach metros had among the nation's highest rates of people purchasing homes and then selling them within a year. That practice is known as "flipping."

RealtyTrac says more than 9 percent of the homes sold in the Tampa and Daytona Beach metro areas were flips. Only Memphis, Tennessee; Fresno, California; and Las Vegas had higher rates.

Nationwide, about 5.5 percent of all home sales were flips. Among states, Florida had the second-highest rate, only behind Nevada.

Almost 9 percent of home sales in Nevada were flips, while 8 percent in Florida were flips.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2017 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.