24/7 Wall St.: The best cities to flip a house

Home flips, an important measure of housing market activity, declined 35% in the third quarter of 2013. Flipping a house — which involves buying, renovating and then reselling it — peaked in popularity in the fourth quarter of 2012, when more than 67,000 homes were flipped. As of the third quarter of this year, nearly 33,000 homes were flipped.

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