Two Florida cities among leaders in house 'flipping'

- Two Florida metro areas were among the leaders last year in house flipping, according to a new report.

The research firm RealtyTrac said Thursday that Tampa and the Daytona Beach metros had among the nation's highest rates of people purchasing homes and then selling them within a year.

That practice is known as "flipping."

RealtyTrac says more than 9 percent of the homes sold in the Tampa and Daytona Beach metro areas were flips. Only Memphis, Tennessee; Fresno, California; and Las Vegas had higher rates.

Nationwide, about 5.5 percent of all home sales were flips. Among states, Florida had the second-highest rate, only behind Nevada.

Almost 9 percent of home sales in Nevada were flips, while 8 percent in Florida were flips.

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