Home flipping stabilized after being hit by its biggest pullback since 2007
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. During the Pandemic Housing Boom, rapid home price appreciation supercharged fix-and-flip activity. The 2022 mortgage rate shock ended that run and caused the biggest pullback in home flipping activity since 2007. Profit margins compressed, days on market increased, and many newer investors exited the space. However, over the past couple of year...
📰 Original Source
Read full article at Fastcompany →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.