Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Part 2: Top 5 U.S. cities to 'flip' a house

Details

  • Description

    Shopper's Market: Areas that yield big real estate profits

  • Duration 1:27
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

House flipping status as an aspiration American past time took hits during the recession.

But the popular art of flipping houses is back with a vengeance as many housing market's major recovery there's a deep inventory of foreclosed or bank owned properties.

Investors can them at below market prices.

But what are the best places to flip a home.

According to -- -- seven Wall Street and realty track.

The number five spot is Omaha Nebraska house -- made more than 71000.

Dollars in profits last year as the volume more than doubled.

Number four Washington DC demand for houses rising in our nation's capital leading to nearly 2000 homes -- in 2012.

Number three Oxnard California one in every 62 homes is in -- -- there making them right for house flipping.

Number two like have assume Arizona.

Gross profits for house slippers in this area topped 87000.

Dollars and the number one city that -- house is New York City.

House slippers in the nation's largest housing market.

Are making profits of more than a 1181000.

Dollars in New York Brenda Buttner Fox News.

Load More