DISCLOSURE: I AM A BIG DATA NERD, lol, so much so, that when NAR admitted they made a mistake ( 13% change in the data reports ), I jumped because my data became validate.
with that said, pay special attention to this report link: what it says, in my views is; we are getting a ton of activity from professionals and flippers over the last few years, the real people are yet to materialize in large numbers.
Now, does what they say, have any evidence to back up in my local markets, Yes.
In my market ( Broward and Dade county ), of the entire condos and homes, we have a average turnover of 5% county wide. of that group, we have 14% to 17% being flipped withing 1 year or less as a qualified sale. that's very similar to the markets in 2005 and 2006.
enjoy the report gang
http://www.radarlogic.com/news/announcements/RPXMonthlyHousingMarketReportforNovember2012-Abridged.pdf
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