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Fix-and-flip index slides again as mortgage rates delay sales
The Q2 2026 Fix and Flip Market Index fell to 59, and 1 in 5 flippers sold mostly below estimated after-repair values, up from 17% last quarter.
HousingWire reports that higher mortgage rates pressured the Q2 2026 Fix and Flip Market Index to a reading of 59, marking the second straight quarterly decline after it fell from 63 in the prior quarter.
According to the report, flippers reported longer time to sell and a greater share of sales under projected after-repair values, with 59% saying days on market increased and 1 in 5 reporting they sold mostly below ARVs. The widening gap was most pronounced in Texas and the Southeast, the outlet said, while larger operators outperformed smaller ones.
John Burns Research & Consulting and Kiavi data also pointed to demand shifts as rental exits and financing alternatives gained traction. The survey of about 275 flippers found nationally that 73% of flipped homes sold for less than $500,000 over the past 12 months.
HousingWire added that mortgage-rate pressure coincided with sentiment concerns, citing a Nashville-based flipper who said the spring picked up but a broader slowdown felt like it could persist through the rest of the year. The same index update showed average flipped home prices rising most in Northern California to $1.2 million, while renovation costs fell nationally to $69,000 and renovations accounted for 15% of flipped home sales prices, down from 17% a year earlier.