News & Information: Real Estate News

Scarce supply of “zombie” homes leaves flippers with little to chase

Thursday, July 6, 2017  
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Orlando-produced “Zombie House Flipping” got its fame for taking on the city’s distressed and downright ugly homes and bringing them back to life. Now in its second season, the show may be running low on “zombie” homes.

The show’s flippers, Keith Ori and Peter Duke, discussed with the Orlando Sentinel how they are starting to see a change in their business as increasing prices and low inventory have made finding these “zombie houses” more difficult. While filming for their second season, Ori and Duke found a home in need of extensive repairs listed for $290,000, which is about $70,000 higher than the Orlando Regional REALTOR® Association’s midpoint sales price in May. Two years ago, a house in similar condition would have been listed for half the price.

Click here to read more from the Orlando Sentinel.

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