Why? Because that's not what the flippers want.
Ragas said the decline in sales of unrenovated homes is a sign that the city’s once-plentiful stock of storm-damaged homes is dwindling, and many of the more easily renovated ones already are off the market, which is a factor in the rising prices.
“Now, we’re looking at houses in many cases that have been empty for 10 years,” he said. “It’s shifting from a market where your buyer is the fixer-upper and they’re going to take this (project) on themselves to a market where it’s more small-contractor-driven, and they’re buying anything they can find and renovate or flipping or renting it.”