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The real estate landscape has witnessed a significant shift as mom-and-pop house flippers have largely exited the market. Engel & Völkers attributes this departure to a confluence of factors, including escalating costs related to construction, interest rates, taxes, and soaring housing prices. Over recent years, these cumulative increases have priced out smaller investors who once thrived in this sector. Consequently, the realm of house flipping has predominantly fallen into the hands of larger players and developers, altering the dynamics of the market.

Read the full article on: REAL ESTATE MAGAZINE