(CNBC) — Flipping is back.
The trend of buying a fixer-upper, making some repairs and “flipping” to a new buyer quickly is making a return to real estate markets, years after the trend fell out of fashion with home buyers.
More than 6 percent of home sales last year were “flips”, according to a new report from Trulia. The real estate data website defines a flip as the selling of a home at least twice within a year.
That’s the highest number in a decade, before the real estate bubble burst and the financial crisis of 2008. So could the housing market flip out again?