Real estate data firm ATTOM has reported that home flipping profits have been lowest since the Great Recession. The firm predicts that in 2025, roughly 297,000 single-family homes and condos were flipped nationwide, a decrease of 3.9% from 2024 and the lowest number of flips in any year since 2020. The typical home flip netted investors just $65,981 in gross profit, or a 25.5% return on investment, down from 32% the previous year. The cost of fixing properties before flipping remains elevated due to supply chain pressures and tariff-related increases in material prices. However, signs of improvement in the flipping market indicate that home prices are expected to moderate further and mortgage rates remain below year-ago levels. The potential for increased investment in the home flipping market is uncertain due to increased inventory, moderating home prices and increased demand from buyers.