House flipping is cooling off fast. A new survey from John Burns Research and Consulting and lender Kiavi shows flippers are struggling with higher costs, longer timelines, and shrinking profits. Investor activity is down nationwide, condo sales have tanked, and oversupply in the Sunbelt is making deals harder to find. But opportunities remain in older housing stock, especially across the Northeast and Midwest. In this episode, we break down why flops are outpacing flips, the regional pressures squeezing investors, and the strategies flippers can use to survive—and even thrive—in today’s tougher market.

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