Home Flipping on the Up in the US

Home Flipping on the Up in the US

Nationally, there has been little change in house flipping in the past year, but flipping is making a comeback in several Florida markets. House flipping is a practice that some believe is an indicator of an over-heated housing market. In the United States alone it made up a stable of all home sales during the past year, mirroring a steady increase in home prices.

The good news: that flip rate is roughly in line with the non-housing bubble years and well below the 8.6% flip rate of all home sales in 2006. House Flipping is making a comeback in places such as Las Vegas and Miami, which saw high levels of flipping activity during the previous boom.

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