ATTOM’s Q3 2025 Home Flipping Report shows U.S. house-flipping activity and profitability continuing to decline, with typical investor returns falling to 23.1% — the lowest since 2008 — amid rising costs and shrinking margins
Fixer-uppers remain an entry point for stretched buyers, even as they lose luster as an easy profit play for seasoned investors.
The typical home flipper saw only a 27.5% return on investment
Zillow finds that buyers want a turnkey deal, not a construction zone
Average profit margins decline for second year in a row, with Florida sellers hit hardest
Profit margins improved in the second quarter for the fourth time in five quarters, with a typical gross return of 30.4%
The flipping rate rose for the second straight quarter while investment returns reached 30% nationwide.
The third quarter saw 92,422 single-family houses and condominiums in the United States flipped.