Flipping Homes is More Popular Than It’s Been in Decades, Thanks to the Hot Housing Market
Flipping Homes is More Popular Than It's Been in Decades, Thanks to the Hot Housing Market Heading link
Marketplace notes that the housing market doesn’t look like it’ll be cooling down any time soon.
“Fewer flippers could mean more inventory for people looking for starter homes,” said Daniel McMillen, who chairs the real estate department at the University of Illinois, Chicago. But there are still downsides for those looking to own for the first time. “First-time homebuyers are typically affected much more by higher interest rates,” McMillen said.
Modified on September 15, 2022