The number of homes and condominiums that were flipped increased last year, although the number still lagged behind its 2005 peak, RealtyTrac reported Thursday.
Some 179,778 single family homes and condominiums were flipped in 2015, the company said in its Year-End and Q4 2015 US Home Flipping Report. That amounted to 5.5% of all sales for the year, compared with 5.3% in 2014. That was still far below the peak of 8.2% in 2005.
The increase in home flips followed four consecutive years of decreases. They also increased in 83 of the 110 metropolitan statistical areas that were examined for the report (75%) in 2015.
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