CoreLogic analyst Bin He lists the top 20 markets, among the 86 largest Core Based Statistical Areas (CBSAs) that CoreLogic analyzed, with the highest shares of flipped properties in Q1 2016.
He notes that Memphis, TN has the highest share of flipped properties, followed by Fresno, CA and Lakeland-Winter Haven, FL., and also looks at where the profit per flip averages the highest by market. He (the name of a person, not the pronoun) writes:
Flipping activity is strongest among Florida CBSAs as of Q1 2016. Seven of the top 10 markets for flipping and eight of the top 20 markets for flipping are in Florida. Figure 2 shows that seven of the top eight Florida markets are experiencing increases in flipping activity as of Q1 2016 compared to one year ago with the exception of Lakeland-Winter Haven.