Honolulu cool when it comes to house flipping

Honolulu cool when it comes to house flipping

Honolulu, where the median price of a single-family home rose 5 percent last year, was one of the coolest spots in the U.S. for house flipping in 2016, when compared with other metropolitan areas.

According to new research from Trulia, a combination of rising home prices and a stronger labor market have helped push home-flipping numbers to their highest levels in a decade. Approximately 6.1 percent of all home sales in 2016 qualified as a “flip,” defined as the purchase of a house at a market rate…

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Author: Katie Murar

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