Home flipping profits hit a 17-year low due to high prices and interest rates.

Home flipping profits are at their lowest level in 17 years, primarily due to elevated home prices that have increased acquisition costs and reduced margins for investors. Higher prices have made it more difficult to achieve significant returns after accounting for purchase, renovation, and selling expenses. This trend reflects broader market conditions where affordability challenges and rising interest rates have dampened activity in the resale and renovation sectors.