Home Flipping Incresing In Florida Again

Dated: October 30 2015

Views: 264

According to the state’s chief economist Amy Baker, the answer to that question is yes. Baker told the  Florida Senate’s Appropriations committee on Thursday morning that Florida’s housing recovery has started to attract home flippers again.

Baker, coordinator of the Office of Economic and Demographic Research, said that flipping is not pervasive, but it is definitely happening more in pockets in the state. According to RealtyTrac, in the period from April to June this year, five of the nation’s top seven housing markets for home flips were all in Florida.

The highest percentage of single-family home sales that were flips in Florida was in the Miami-Dade market with 9.6 percent, according to Baker’s presentation. Palm Coast was second with 9.2 percent, followed by Tampa at 8.9 percent.

That compares to a national average for the same time period of 4.5 percent.

Baker said current “subdued” pricing in Florida’s housing market is likely attracting flippers who are counting on values to increase.


Baker’s comments were part of a larger presentation on the state’s current economic conditions as state legislators begin building a 2016 state budget. She said overall Florida’s Housing market continues to “generally” improve. That has boosted the states revenues from documentary stamps by 17 percent compared to a year ago. 

Jeremy Wallace,Times/Herald Tallahassee Bureau- Tampa Bay Times

Latest Blog Posts

Dealing With Popcorn Ceilings

Popcorn is great with a movie or possibly for stringing around an old-fashioned Christmas tree, but it’s a little less universally loved when it’s applied to the ceiling as a texture. “Popcorn

Read More

Oct 1 2020 71067 1

Where Are Home Values Headed Over the Next 12 Months?As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market.

Read More

Sep 1 2020 71067 1

Builders & Realtors Agree: Real Estate Is BackWhen shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit.

Read More

Aug 3 2020 71067 1


Read More