ATTOM Data Solutions, which curates the nation's largest fused property database, stated that 193,009 single family home and condos were flipped within a 12-month period in 2016, which was "up 3.1% from 2015." ATTOM Data Solutions also noted that 2016 saw the highest level of house flipping since 2006, "when 276,067 single family homes and condos were flipped."
Blomquist also noted that the nine-year high in house flipping was also due in part because investors have increasingly been "willing to move to secondary and tertiary housing markets and neighborhoods with older, smaller properties that are available at a deeper discount."
Realtytrac.com said that among the 117 metro areas analyzed in ATTOM Data Solutions' report, "those with the highest gross flipping ROI were East Stroudsburg, Pennsylvania (241.5 percent); Pittsburgh, Pennsylvania (130.0 percent); Cleveland, Ohio (116.2 percent); Philadelphia, Pennsylvania (107.1 percent"; Toledo, Ohio (102.0 percent); and New Orleans, Louisiana (101.2 percent)."