"Home Flipping Slump Squeezes Reality TV Stars and Contractors in 2023"

The increase in interest rates by the Federal Reserve has significantly impacted the home flipping industry, affecting everyone from reality TV stars like Tarek El Moussa to small contractors. The housing market has experienced a decline in home flipping activity, with investors facing limited inventory and lukewarm demand. This has led to lower profit margins, labor troubles, and a shift in business strategies, such as diversifying into property-secured loans and wholesale home purchase contracts. The reality TV landscape has also adapted to the changing market conditions, focusing on discussions about rates, slow turnover, and alternative housing options to keep viewers engaged.