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Investors are finding record profits flipping houses that are smaller and older than in the bubble heyday of 10 years ago, according to a report released Thursday by ATTOM Data Solutions.

The Los Angeles real estate analytics firm found 193,009 home flips in 2016. These arms-length sales occurring within 12 months of purchase accounted for 5.7% of all single-family home and condos sales last year. The number is up only slightly from 5.5% in 2015, and part of a steady, gradual increase over the past three years.

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Jim DuPlessis

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