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Home flipping is luring new investors with promises of financial freedom. But a housing correction could leave some of them broken and bankrupt.
Increasing mortgage rates are undoubtedly an unprecedented shock to the US housing market, with the average 30-year fixed mortgage rate rising from 3.11% to 5.11% in March.
Every time it appears that real estate prices are hitting a ceiling, they break through. However, rising interest rates could finally be the road block.
Inflation and steadily rising mortgage rates may finally cool down the red-hot housing market and one expert says buyers should be patient.
/PRNewswire/ -- Providers of single-family rental homes increasingly turned to the development of new housing over the past two years as a means of responding...