Home flipping in NYC is hiking prices, pushing out Black residents, report says ^99.7%

Gothamist - By Arya Sundaram - 5/1/2026, 10:30 AM

Confirmation Bias 26.6% - Biased Writer Voice 25.2% - Post Hoc (False Cause) 24.7%

Home flipping — the practice of quickly buying and reselling properties, often from distressed owners — is driving up home prices and reducing affordability in New York City neighborhoods with significant Black populations, according to a new analysis from the Pratt Center for Community Development. Some 10,000 homes were flipped in the... more