Study finds Broward beats Dade for house flipping

Report on house flipping in U.S. markets ranks Pembroke Pines 18th best, Lauderdale 45th

TRD MIAMI /
Aug.August 06, 2016 01:30 PM

House flippers find better opportunities in Broward County than in Miami-Dade County, according to a report by the personal finance website WalletHub.

The WalletHub report ranked Pembroke Pines as the 18th best U.S. market for flipping houses and Fort Lauderdale as 45th best. Hialeah ranked 79th and Miami 82nd.

The personal finance website operator classifies a house as flipped if it sells twice within 12 months.

WalletHub’s analysis of U.S. markets for flipping potential is based on factors including house prices, typical remodeling costs and housing market stability.

A decade ago, flippers rapidly resold homes within weeks of buying them, a trend that contributed to the housing market bust that began in the late 2000s.

But analysts say house flippers now flip at a slower pace and have contributed to the housing market recovery by spending time and money to renovate houses and upgrade whole neighborhoods.

Danielle DiLenge, an agent with Better Homes & Gardens Real Estate Florida 1st, told the Sun-Sentinel Pembroke Pines is a popular market for flippers and owner-occupants alike.

DiLenge told the newspaper, “I’ve had a lot of first-time home buyers focus out in Pembroke Pines.” [Sun-Sentinel] — Mike Seemuth


Related Articles

arrow_forward_ios
Carlos A. Giménez, Ron DeSantis, and Dale Holness (Credit: Joe Raedle/Getty Images, and Alexander Tamargo/Getty Images)

Miami-Dade, Broward to begin reopening Monday

Miami-Dade, Broward to begin reopening Monday
Avra Jain and Vagabond Hotel (Credit: Google Maps)

Miami-Dade judge tosses Avra Jain’s $15M lawsuit against former attorneys

Miami-Dade judge tosses Avra Jain’s $15M lawsuit against former attorneys
Gov. Ron DeSantis (Credit: Josh Brasted/Getty Images)

Safer-at-home effective in South Florida until mid-April

Safer-at-home effective in South Florida until mid-April
Miami-Dade cracks down on social distancing at construction sites

Miami-Dade cracks down on social distancing at construction sites

Miami-Dade cracks down on social distancing at construction sites
Miami-Dade County Mayor Carlos Gimenez

Stay home, folks: Miami-Dade joins Broward with safer at home order

Stay home, folks: Miami-Dade joins Broward with safer at home order
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

Non-essential businesses ordered to close in Palm Beach and Broward counties

Non-essential businesses ordered to close in Palm Beach and Broward counties
Mayor, Miami-Dade County, Carlos A. Giménez (Credit: Ryan Holloway/ Armando Rodriguez Miami-Dade County Photographers)

Miami-Dade orders all non-essential businesses closed due to coronavirus

Miami-Dade orders all non-essential businesses closed due to coronavirus
Miami-Dade Permitting and Inspection Center

Coronavirus case shuts down Miami-Dade permitting center until Monday, property appraiser closes office to public

Coronavirus case shuts down Miami-Dade permitting center until Monday, property appraiser closes office to public
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...