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Benzinga
Benzinga
Business
Mark Gilman

Home Flipping Is Down, And Those That Remain Are Looking For Cash Investors

Lawrence Yun Environment Interest Rates

The demise of a formerly hot home market, torn apart by increasing mortgage interest rates, is now beginning to affect a once thriving home-flipping environment. 

With interest rates now over 7%, home flipping, which hit new heights in early 2022, has dropped as the real estate market shifts. Home sales have fallen 25% since September 2021, according to the National Association of Realtors (NAR). 

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