Fix-and-Flip Frenzy: 24M Homes Ripe for Renovation as 'Great Renovation' Powers Market
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24 million homes present an opportunity for fix-and-flip investors to renovate and sell, adding inventory.
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New Western report forecasts a "Great Renovation" continuing into 2024 as more homes reach prime age for renovations.
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Fix-and-flip investor activity already on the rise in 2022 in some metro areas like Houston, Raleigh, and Atlanta.
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Additional housing inventory from investors could help ease shortages in a market with only 1.5 million homes listed for sale.
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More affordable inventory key to making housing affordable as median prices approach $413,000.