Phoenix still popular with home flippers

downtown-2nd-streetBy Catherine Reagor | The Republic | azcentral.com

Metro Phoenix is still a top city for investors to flip a home.

During the third quarter, 1,147 Valley houses were sold for a profit by investors who had purchased them less than nine months before, according to the latest data from real estate research firm RealtyTrac. That volume ranks Phoenix No. 3 for the total number of home flips.

Miami ranked No. 1 with 1,190 home flips, and Los Angeles was No. 2 with 1,170 flips.

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