US Home Flipping Industry Hit by Rising Interest Rates
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In recent years, the US home flipping industry has been negatively impacted by the increase in interest rates engineered by the US Federal Reserve (Fed). The number of Americans acting as investors in the housing market has dropped by 38.85% between 2021 and 2023's fourth quarter. Home flipping, which involves buying and renovating a single-family home with the intent to sell for a profit, has declined since the peak during the Covid-19 pandemic. The share of homes purchased by investors fell 11% on a year-over-year basis in 2023. Despite the decline, housing investors spent $32.3 billion on homes in the United States in 2023 .
The current housing market is characterized by limited inventory and lukewarm demand, resulting in reduced profits for flippers. The decline in homebuyer demand ha...
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