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Part 2: Top 5 U.S. cities to 'flip' a house

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    Shopper's Market: Areas that yield big real estate profits

  • Duration 1:27
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House -- status as an aspiration American pastime took hits during the recession.

But the popular art -- flipping houses is back with a vengeance as many housing -- -- a recovery there's a deep inventory of foreclosed or bank owned properties.

Investors can them at below market prices.

But what are the best places to flip a home.

According to 24/7 Wall Street and -- -- track.

The number five spot is Omaha Nebraska house -- made more than 71000.

Dollars in profits last year as the volume more than doubled.

Number four Washington DC demand for houses is rising in our nation's capital leading to nearly 2000 homes -- in 2012.

Number three Oxnard California one in every 62 homes is in for -- there making them right for house flipping.

Number two like have -- Arizona.

Gross profits for house -- in this area topped 87000.

Dollars and the number one city -- -- house is New York City.

House slippers in the nation's largest housing market.

Are making profits of more than a 1181000.

Dollars in New York Brenda Buttner Fox News.

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