Home flipping ROI drops to lowest level since 2008

☕️ It's Tuesday, y'all.

Today's newsletter is 690 words, a 3.5-minute read.

1. Icon unveils lakefront 3D-printed homes

Austin-based company Icon has completed its first 3D-printed model home at The Canyon Club, a luxury lakeside resort community about 45 minutes northwest of Austin.

The 60-acre, lakefront Canyon Club along Lake Travis will feature 25 homes, most of them traditionally built, along with five created using Icon’s 3D-printing technology.

• The traditionally built luxury homes will offer five or six bedrooms and start at $2.6 million.

• The four-bedroom 3D-printed homes will be available through 1/4 fractional ownership, starting around $800,000, which includes up to 12 weeks of use per year per home.

2. Airbnb hosts could earn big during the World Cup

Airbnb hosts in U.S. World Cup host cities could earn an average of $4,000 by renting out their homes during the tournament, according to a Deloitte study commissioned by Airbnb.

Visiting fans are expected to give local economies a major boost, with Airbnb guests spending an estimated $865 million nationwide on accommodations, food, shopping, and more.

Across all host cities, roughly 2.1 million tourists are expected to need a place to stay, including about 232,000 Airbnb guests, according to the report.

A MESSAGE FROM DAVE YOUR MORTGAGE GUY

With the 620 credit score requirement now gone from conventional loans, I’ve been running some new files and the results are surprising.

Check out what I’m seeing:

• A client with a 560 score just got approved with both 10% and 20% down conventional loan

• Mortgage insurance isn't an option yet for low-score conventional, but 20% down makes it a non-issue

• FHA is also getting more Aggressive - I had a 550 score approved with 10% down

• I’m seeing way more low score approvals than before!

• This is a huge opportunity for borderline buyers

• Stay Tuned for more Crazy Approvals……

Got someone who was denied recently due to credit? Let’s give it another shot.

Link to Apply

Let me know who I can help,
-DYMG

3. Catch up quick

🎅 Why Boerne is a must-see Christmas Texas town. (MySA)

⚠️ Zillow stock crushed after Google tests real estate listings. (GeekWire)

💸 The typical homeowner now pays around $1,300 per month on principal and interest. (Realtor.com)

🏠 Dallas mansion sells for $30.5 million in largest Texas home sale of year. (WFAA)

😎 Texas scores 2 of the most 'relaxed' cities in the nation. (LawnStarter)

4. Home flipping ROI drops to lowest level since 2008

According to ATTOM’s Q3 2025 U.S. Home Flipping Report, 72,217 single-family homes and condominiums were flipped during Q3, accounting for 6.8% of all home sales from July through September.

That total was down from 79,335 flips in Q2 and 75,977 in Q3 of last year, marking declines both quarter over quarter and year over year. In comparison, flips made up 7.3% of total sales in Q2 2025 and an estimated 7% in Q3 2024.

In Q3, the average profit margin on a flipped home fell to 23.1%, down from 26.5% in the previous quarter and 29.8% a year earlier. Notably, flipping profit margins have not dipped below 25% since Q2 2008.

Among major metro areas, the smallest typical profit margins were reported in Austin (4.1%), Dallas (4.6%), Houston (5.1%), San Antonio (6.5%), Salt Lake City (11%), and Raleigh, North Carolina (11.1%).

5. Home prices go negative for the first time in over 2 years

National home prices fell 1.4% over the past three months, marking the first time prices have turned negative since mid-2023, about a year after the Federal Reserve began raising interest rates from zero. That’s according to the latest report from Parcl Labs, via CNBC.

Here’s what else they found:

• Active listings climbed nearly 13% year over year in November, while new listings rose just 1.7%.

• Sun Belt metros are seeing the steepest declines, with Austin down 10% and Houston down 4%.

• Builders report weak demand, continued incentives, and only modest improvement expected in 2026.

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