RealtyTrac: Phoenix area had second-highest number of home flips in a year

RealtyTrac says the Phoenix area had the second-highest number of home flips in the nation between April 2013 and March 2014.

The researcher defines flips as homes purchased and sold for a profit within one year.

Maricopa County had 4,632 flips, during the period, the report showed, second only to the New York-New Jersey metro area’s just more than 7,000 flips.

According to the most recent Arizona State University data, house flippers made up 7 percent of all Valley single-family purchases in March, up slightly from 6 percent a year prior.

Information from Phoenix Business Journal

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June 2, 2014

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RealtyTrac: Phoenix area had second-highest number of home flips in a year

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