Key facts
- Home flipping activity declined in the first quarter of 2026.
- Investor profits in home flipping rose to a typical gross return of 25.4%.
- New home purchase mortgage applications fell 3% in May compared to April.
- New home sales were estimated at a seasonally adjusted annual rate of 642,000 units in May.
- Mortgage rates exceeded 6.5% in May.
- The average loan size for new home purchases was $372,825 in May.
- New home sales reached a 10-month low in May.
- New home purchase mortgage applications saw a 3.8% year-over-year increase.
Home flipping activity experienced a slowdown in the first quarter of 2026. Fewer single-family homes and condominiums were flipped during this period compared to previous quarters. Concurrently, investor profits saw a slight increase, with typical gross returns rising to 25.4%.