The latest Kiavi survey data reveals that the housing market in Q3 2024 experienced significant challenges that impacted the sales of flipped homes. Several key factors contributed to this strain on the market, including high mortgage rates, increasing home prices, and heightened competition among buyers.
* Kiavi survey data indicated challenges in flipped home sales in Q3 2024
* Factors contributing to the strain included high mortgage rates, rising home prices, and increased competition among buyers
* These challenges had a noticeable impact on the housing market during this period, affecting both buyers and sellers of flipped homes.
Despite these obstacles, experts believe that the market will continue to evolve in response to these challenges, with potential opportunities for growth and adaptation in the near future. The resilience of the housing market in the face of these challenges showcases the strength and adaptability of the industry as a whole.
You can read this full article at: https://www.housingwire.com/articles/fix-and-flip-investor-sentiment-mortgage-rates-home-prices-kiavi/(subscription required)
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