Home flippers return to Palm Beach County

House for sale home sold

(Getty Images)

Here’s an unexpected trend for Florida’s housing market: Home flipping is back.

Fully 6 percent of homes sold in Florida in the third quarter were flips, Trulia says in a report released Thursday — and every major market in the state saw an increase in flips compared to the third quarter of 2014. Trulia defines a flip as a second sale of the same property within 12 months of the previous sale.

Among Florida markets, Daytona Beach had the most short-term resales (7.3 percent in the third quarter), and Miami had the biggest increase, from 4.7 percent in 2014 to 6.4 percent in 2015.

In Palm Beach County, 6.3 percent of sales were flips in the third quarter, up from 4.9 percent a year earlier. Flipping hit an all-time high of 8.7 percent here in 2015, Trulia says.

“While Florida cities have increased the most, bubble-phobes fear not: none are close to their 2000-2015 peak,” Trulia economist Ralph McLaughlin writes.

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