Flipping a house? The 10 best cities for flippers.

These 10 cities were the most profitable markets for people flipping a house in 2012, according to RealtyTrac. Can you guess which city had the highest average profit on flipped homes? 

2. Las Vegas (53 percent)

Steve Marcus/Reuters/File
Carpenters work on new homes at a residential construction site in the west side of the Las Vegas Valley in Las Vegas in April. The once-beleaguered Las Vegas housing market has been on fire since investment firms began buying homes here.

Total housing units: 829,544

Single family flips: 4,341

Average pre-flip purchase price: $133,198

Average flipped price: $203,944

Las Vegas posted the third-biggest home price gains in the US in April, behind Phoenix and San Francisco. Builders there are buying up land in anticipation of the market for new homes taking off over the summer. Vegas's foreclosure market has been swarmed by institutional investors, who buy up distressed properties to turn into rentals. 

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Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

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If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

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