Listen:
The practice of buying a home and selling it a short time later at a profit is becoming more common place in Tucson, according to numbers from real estate data company RealtyTrac.
The Tucson market saw a 7 percent increase in the practice in 2015.
Analysts think local purchasers are behind the resurgence, which can make house flipping a positive for the market.
“It’s actually a lot more responsible than the flipping we were seeing in about 10 years ago in 2005, 2006," said RealtyTrac's Daren Blomquist. "It does appear that the flippers are adding value."
The average return on investment for a house flipper is 44.1 percent. Blomquist said since that number is notably higher than the home appreciation value in the market, that would indicate improvements are being made.
It also appears home buyers appreciate the work that has been done. The selling price for flipped homes is 9.1 percent higher than similar properties.
Tucson is not the only city where house flipping was on the rise in 2015.
RealtyTrac data show 75 percent of U.S. markets saw in increase last year. That number had dropped nationally since 2011.
By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.