US house flipping profits hit lowest since 2008

House flipping profits across the United States have dropped to their lowest level since 2008, according to data from ATTOM. The real estate data firm tracked gross returns on investor resales across hundreds of metropolitan areas, revealing a significant decline in profitability for flippers. The report indicates that the median gross flipping profit fell to $62,000 in 2025, down from $70,000 in 2024, representing a 11.4% decrease. The gross return on investment (ROI) for flipped homes averaged 27.5% in 2025, the lowest annual figure since 2008 when it was 25.3%. ATTOM's analysis covered 223 metro areas with sufficient flipping activity. The decline is attributed to rising home prices, higher interest rates, and increased competition among investors. Flipping activity also slowed, with 295,000 single-family homes flipped in 2025, down 8% from 2024 and the lowest number since 2016. The share of flipped homes relative to all home sales fell to 5.4%, the lowest since 2019. Among major metro areas, the highest flipping profits were in the South and West, while the Northeast and Midwest saw the steepest declines. The data underscores a cooling in the once-hot flipping market as economic conditions tighten.