Among 92 metropolitan statistical areas with at least 90 homes flipped in Q3 2016, those with the highest flipping rate were:
Memphis (11.0 percent)
Clarksville, Tennessee (9.5 percent)
Deltona-Daytona Beach-Ormond Beach (9.3 percent)
Tampa-St. Petersburg (9.3 percent)
Visalia-Porterville, California (9.3 percent)
York-Hanover, Pennsylvania (9.2 percent)
Lakeland-Winter Haven (9.0 percent)
Fresno, California (8.7 percent)
Miami (8.6 percent)
Las Vegas (8.2 percent)
“As markets across the country stretch tight with low inventory and high selling prices, many homeowners fear, and even boycott, low-income housing. Specifically, homeowners are wary of the integration of HUD supported Low Income Housing Tax Credit (LIHTC) housing projects. Why? Some believe that these government supported homes may lower the values of properties nearby.
A new study powered by Trulia wipes these fears clean by setting the table with surprising news: in the nation’s 20 least affordable housing markets, low-income housing built during a 10-year span shows no negative effect on nearby home values”
Denver’s population during the past five years surged 10 percent to about 700,000 as the fastest-growing major American city after Austin, Texas, overtaking Baltimore, Boston, Detroit and Washington as it climbed to No. 19 from No. 22 in 2010, according to data compiled Bloomberg. As the Denver population booms, the city’s and state’s unemployment rates remain among the lowest at 3.8 percent, more than a percentage point below the national average of 4.9 percent, according to Bloomberg data.
The DIA’s success helped put Denver at the top for U.S. homeowners with above-average growth and below-average price fluctuations. During the past 30 years, the housing market for Denver produced the second-best return after Portland, Oregon, adjusted for price swings of the 20 major cities in the U.S.,