The pandemic housing boom led to a surge in home flipping, with numbers hitting an all-time high in late 2021. However, by late 2022, a major decline set in, with flipper activity plummeting significantly due to rising interest rates and market volatility. A recent survey of U.S. home flippers showed that while many plan to continue flipping in 2025, they are cautious due to challenges like tight inventory and increasing costs, especially noted in the Northeast's competitive market.
During the pandemic, home flipping surged due to low interest rates, but by 2022, activity drastically declined, marking the largest drop since 2007.
The Northeast remains competitive for home flippers, yet they face challenges like intense competition and rising purchase prices amidst tight inventory.
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