Home flipping stabilized after being hit by its biggest pullback since 2007

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During the Pandemic Housing Boom, rapid home price appreciation supercharged fix-and-flip activity. The 2022 mortgage rate shock ended that run and caused the biggest pullback in home flipping activity since 2007. Profit margins compressed, days on market increased, and many newer investors exited the space. 

However, over the past couple of years, home flipping activity has stabilized around 2019 levels.