• Home flipping has undergone a bit of a resurgence in 2015 thanks, at least in part, to a surge in low down payment FHA buyers, many of whom are millennials looking for their first home.
  • The share of buyers using FHA loans increased 31 percent during the same time period, from 17.9 percent in Q3 2014 to 23.4 percent in the Q3 2015.
  • The top counties to flip to millennials include: Philadelphia, St. Louis City and Baltimore.

After fizzling out to a 15-year low a year ago, home flipping has undergone a bit of a resurgence in 2015 thanks, at least in part, to a surge in low down payment FHA buyers, many of whom are millennials looking for their first home.

Single-family homes and condos flipped in the third quarter represented 5 percent of all home sales during the quarter, an 18 percent increase in the share of homes flipped in the third quarter of 2015.

The share of buyers using FHA loans increased 31 percent during the same time period, from 17.9 percent in Q3 2014 to 23.4 percent in the Q3 2015, according to RealtyTrac public record sales deed and mortgage data.

RealtyTrac took a deeper dive into the flipping data along with demographic data from the U.S. Census for Inman Select and identified 18 counties nationwide with the best potential of flipping to millennial buyers looking for a starter home.

Daren Blomquist is the vice president of RealtyTrac.

Email Daren Blomquist.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×