Home flipping profits rise for the first time in nearly 2 years

Plus: Seller concessions hit record May high

June 23, 2026

🤌🏼 Ciao, Tuesday!

Today’s newsletter is 631 words—a 2.5-minute read.

1. Home flipping profits rise for the first time in nearly 2 years

A total of 64,348 single-family homes and condominiums were flipped in Q1 2026, accounting for 8% of all home sales from January through March, according to ATTOM’s report released Thursday.

That share increased from 7.2% in Q4 2025 but declined from 8.2% during the same period last year. The number of flipped homes also fell from 69,711 in Q4 2025 and 70,579 in Q1 2025.

Profitability improved slightly, with typical gross returns rising to 25.4%, up from 24.7% in Q4 2025, marking the first quarterly increase in nearly two years.

In Texas, 6,367 homes were flipped, representing a 9.9% flipping rate. Gross profit averaged $15,965, up from $13,472 a year earlier, while gross ROI reached 5.6%, compared with 4.9% last year.

2. Texas Land Board offers realtor training for veteran resources

The Veterans Land Board has secured licensing from the Texas Real Estate Commission to offer a free one-hour training course that helps realtors better understand the resources available to veterans.

Realtors will learn about:

  • An overview of home and land loan programs available to eligible Texas Veterans, military members, and spouses.

  • The fundamentals of the VLB Home Loan Program, including eligibility requirements, eligible property types, loan options, new construction, and how to find a lender.

  • The VLB Land Loan Program, including minimum land size, maximum loan amount, minimum down payment, and the pre-qualification process.

  • Common issues that can delay the loan closing process.

Classes are available both in person and online, with upcoming virtual sessions already scheduled.

A MESSAGE FROM DAVE YOUR MORTGAGE GUY

Your VA buyer got denied. Or pre-approved for less than they want.
Here's the fix.
On a VA loan, the seller can pay off the buyer's debt at closing — inside the 4% seller contribution rule.
The buyer doesn't touch their savings. The obligation disappears. The deal closes.
Most lenders never structure it this way. I've been doing it for 25 years.
Watch the full breakdown: LINK
This is secret one of ten. Catch the rest live — June 24th, 10:30 AM Central. Register

3. Catch up quick

📊 Charted: Why homeownership costs are so high. (Axios)

💸 Housing payments hit a 1-year high. (Redfin)

🤖 53% of buyers say they’d purchase a home without human help. (VeteransUnited)

👔 Opendoor names Vu Tran as chief AI officer. (X.com)

👥 Americans are using ChatGPT to price their homes. (Newsweek)

4. Seller concessions hit record May high

Sellers gave concessions in 46.2% of home sales in May, up from 43.1% a year earlier and the highest share for the month in Redfin records.

About one in seven homes (15.7%) sold nationwide in May included both a price drop and a concession. That’s up from 12.8% a year earlier and marks a record high for the month, mirroring the broader trend in concessions.

In Texas, concessions were most common in San Antonio (59.4% of sales), followed by Houston (57.8%), Dallas (57.1%), and Austin (53.8%).

Source: Redfin

5. Austin ranks among the top markets for single-parent homeownership

According to a new LendingTree analysis, 39.2% of single parents nationwide are homeowners, compared to 73.7% of two-parent households and 65.2% of Americans overall.

Single-parent homeowners spend 25.7% of their income on housing costs, while single-parent renters spend 40.9%.

Austin ranks 10th among major metros for single-parent homeownership, with a 43.5% ownership rate and a 68.8 homeownership index. In the city, single-parent homeowners spend 26.1% of their income on housing, compared to 37.9% for renters.

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