The recent Q3 2024 report from Kiavi highlighted that 17% of home flippers faced poor sales compared to seasonal norms, reflecting ongoing market turbulence.
The overall index score decreased from 63 to 62, signaling continued contraction in the fix-and-flip market, emphasizing that home affordability challenges heavily impact investor sentiments.
High holding costs emerged as a critical stressor for home flippers, with many struggling due to increased mortgage rates and additional expenses during renovations.
Despite fewer transactions and declining home prices, 46% of fix-and-flippers reported facing increased competition for deals, illustrating the complex dynamics of the current housing market.
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