The Shakeout is Over — Here's Who's Still Standing

Good day!

Quick market note worth your attention.

Nationwide, home flipping dropped nearly 4% last year — the lowest volume since 2020, according to ATTOM. On paper, that sounds like a red flag.

It isn't.

That drop is the tail end of a shakeout, not a sign the strategy stopped working. During the pandemic boom, cheap money and rising prices pulled in a wave of investors who didn't need much discipline to make a deal pencil. When rates spiked in 2022, that changed fast — margins tightened, timelines stretched, and a lot of undercapitalized, inexperienced flippers got pushed out.

What's left is a smaller field of operators who know what they're doing. The latest LendingOne-ResiClub survey backs this up: demand expectations are holding steady, and experienced investors are still planning to deploy capital in 2026 even with price growth staying modest.

Fewer competitors chasing the same deals. Same underlying opportunity. That's a good place to be if you're still in the game.

If you've got a deal you're evaluating or want to talk through numbers on something, I'm here — let's get it funded fast and keep moving.

Talk soon,

Jarrod

First Funding Loans