Silver as an investment

Home-Flipping Profits Just Hit An All Time High: These 10 States Offer The Highest Return Potential

zerohedge.com / by Tyler Durden / Mar 17, 2017 9:28 PM

That most distinct remnant of the 2006 housing bubble – home flipping – is not only back, it is more profitable than ever.

According to a new report by ATTOM Data Solutions and RealtyTrac,193,009 single family homes and condos were flipped — defined as sold in an arms-length transfer for the second time within a 12-month period — in 2016, up 3.1% from 2015 to the highest level since 2006, when 276,067 single family homes and condos were flipped.

Home flips in 2016 accounted for 5.7% of all single family home and condos sales during the year, up from 5.5 percent in 2015 to a three-year high but still well below the peak in 2005, when 338,207 single family homes and condos were flipped representing 8.2% of all sales.

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