Home flippers in the U.S. are seeing profits evaporate to levels not seen since the financial crisis, as surging acquisition costs squeeze margins even in traditionally hot markets.
Mortgage delinquencies in the U.S. edged slightly higher in June, driven by localized pressure points, though national levels remain historically low, according to new data from Cotality, a leading property information and analytics provider.
U.S. housing markets most vulnerable to downturns this summer were concentrated in California, Florida, New Jersey, and Louisiana, according to ATTOM's second-quarter 2025 Housing Risk Report.
The January 7, 2025, Palisades and Eaton wildfires inflicted catastrophic damage on Los Angeles, destroying more than 13,500 properties and triggering an estimated $40 billion in insured losses, according to property data firm Cotality.
Posted on February 21, 2025
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