Flippers are expressing a notably pessimistic outlook regarding home-price appreciation and sales volume, particularly in Florida, Southern California, and Northern California. Only 31% foresee strong sales in the coming months, the lowest sentiment since late 2022. This pessimism is driven by economic uncertainty and regional housing supply issues, with flippers in depressed supply regions like the Northeast remaining more optimistic. Many plan to adjust renovation strategies if construction costs rise, reflecting trends in market response to tariffication. Regions with limited housing supply typically see better sales prospects.
Flippers expect prices to fall in Florida, Southern California, and Northern California over the next six months, reflecting growing pessimism since mortgage rates topped 7%.
Economic uncertainty and local housing inventory are significantly influencing flipper expectations, with 45% prioritizing cost-effective renovations under the looming threat of rising construction costs.
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