US home flipping malaise pinches reality TV stars to contractors bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
While the increase in interest rates engineered by the Federal Reserve over the last two years put a damper on the overall U.S. housing market, it took a sledge hammer to home flippers from small contractors to reality TV stars. Just ask Tarek El Moussa, star of HGTV’s "The Flipping El Moussas" and former co-host of the real estate and renovation focused channel's mainstay, "Flip or Flop." The number of Americans acting as investors in the housing market dived 38.85% between 2021 and 2023’s fourth quarter, according to property data provider ATTOM Data Solutions.
The House Hunters franchise is expanding with a new spinoff. HGTV has ordered House Hunters: All Stars, set for premiere on Thursday, March 21. The 12-episode series will feature some of the network’s top real estate experts helping prospective buyers find dream properties in their own hometowns. Featured in the series are Galey Alix (Home in …