Tampa Bay house flips up +32%

House flipping is alive and well in the Tampa Bay area. This year, 2673 homes have been flipped which is +32% higher than last year and +74% higher than 2011. If homes were not rising in price, and rents increasing, investors who purchased with the intent to flip, are holding on and renting instead to take advantage of these increases. With inventory levels in the Tampa Bay area down around 2.8 months, there are fewer and fewer homes available to flip.