Investors today have to work harder, houses for sale

not ready to twist Higher prices house in South Florida, according to a new report.

The pulls represented 6.3 percent in the third quarter house and condo for sale in Palm Beach County, an increase of 5.9 percent over the same period of 2014, according to real estate website Trulia.com.

In Broward, accounted introductions for 6.1 percent of sales, compared to 5.7 in the previous year. of households in Miami-Dade returned 6.4 percent, compared to 4.7 percent, ranking as was the largest increase in the country, Trulia said.

The website is based in San Francisco holds a return home when sold twice in a period of 12 months. Both sales transactions must be "arms length", meaning that the buyer and seller are independent and act in their own interest.

After real estate prices in 2012 reached the bottom, investors have flooded the market, buy foreclosed homes on the cheap, renovation and resale. This helped neighborhoods during the real estate crisis hammered revive.

This is not so easy to do now, but "fins can still buy a home at a very affordable price, fix it and sell it in a market where prices are rising," said Ralph McLaughlin, chief economist for Trulia.

Flipping was a side of the industry during the boom from 2000 to 2005 investors a lot of money in the purchase and resale houses, which had rapidly gained value in a glowing market.

Eventually, however, the demand has dried up, prices have fallen and investors have been caught with houses, help pave the way for the real estate collapse of six to pave.

Flipping culminating in South Florida in 2005, which 8.7 percent of home sales in Palm Beach County, 11.5 percent in Broward and 20.5 percent in Miami-Dade.

"Always a good market for change, but is still not as widespread as in the past," said Ryan Kuhlman, the president of the Broward Real Estate Investors Associaton, a group of investors from the three counties. "Before, I could go under an apple tree and just want to fall in your lap. Now you have to get a ladder, take the apple and for work a bit."

Peowers@Tribpub.com, 561-243-6529 or Twitterpaulowers