Higher mortgage rates weaken fix-and-flip advantage, narrowing gap with older homes.
Flipped homes: $380K median price, smaller size, higher price/sq ft, 40.4% in urban ZIPs.
In Oct. 2025, flipped homes got 6.5% more page views, sold ~10 days faster than older homes.
Median flipped home sold at 8.3% discount from peak price; older homes at 2.9% discount.
Renovation alone no longer ensures pricing power; sellers must adjust to buyers' affordability limits.
