![]() ![]() ![]() “Say you sell even 3,000 houses in a month,” he said. The inventory crunch has hurt more than just investors, said Foster Algier, a real estate agent and owner of First Alliance Capital in Orlando. Home-flipping activity around the country declined for the first time in six years. In the Orlando-Kissimmee-Sanford metro, a total of 3,219 homes were flipped, a drop of 8.7%, according to Attom Data Solutions, which analyzes the U.S. That has meant there are fewer possible investment homes available. Stick to just single-family homes and that number drops below 2,000, just three weeks’ worth of inventory. Over the same year, inventory dropped to fewer than 3,000 housing units for sale in the region. In metro Orlando, the median home price rose more than $30,000 from March 2020 to March of this year, according to the Orlando Regional Realtor Association (ORRA). “Unfortunately, we have way more buyers than houses to sell them.” “We have investors calling us nonstop,” said Tammy Kerr of Sand Dollar Realty Group. Soaring home prices and a shortage of inventory in Central Florida and across the nation is wreaking havoc on house flippers and wholesalers, people who make their living buying places at a bargain and fixing them up or selling them to other investors. “We’re literally knocking on doors in some cases.” “I’ll get word through an attorney about a probate case, call the that day, and they respond, ‘Get off my phone! You’re the 26th person to call me today!’” said Stamper, 31, currently filming the fourth season of his show on A&E. – Justin Stamper, star of the “ Zombie House Flipping” TV show, says finding places to renovate and sell in Orlando has become so hard that he sometimes has to dig through court cases in search of properties. ![]()
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