Real-estate data-tracking company RealtyTrac found that flipping homes is on the rise.
“After curtailing flipping activity last year due to slowing home price appreciation and shrinking inventory of flip-worthy homes, real estate investors have started to jump back on the flipping bandwagon in 2015,” Daren Blomquist, vice president at RealtyTrac, told Business Insider.
The study says that 43,197 homes were flipped in the third quarter of 2015, which accounted for 5 percent of all homes sales in the nation.
RealtyTrac then compiled a list of the top 13 counties where flippers made more than a 65 percent return on investment during the third quarter. The list includes Middlesex County, Conn., Cook County, Ill., and St. Louis City, Mo.
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