House flippers have had a profitable few years because of low interest rates and rapidly increasing home prices. It was almost impossible to not make them money.
However, recent interest rates have ended the housing market and buyers are no longer interested in making purchases. Buyers cannot afford their dream home anymore so they prefer to wait until more favorable interest rates return before completing a purchase. If you want more real estate content, Real Talker, subscribe to the Real Estate Real Talk Youtube channel and hit the notification bell.
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