Affordability challenges are limiting buying activity, and early signs suggest competition for homes may be easing off somewhat. Nationally, existing home sales are down 2.7% as of last measure,
U.S. Home Seller Profits Soar in 2020 as Prices Set New Records in Spite of Coronavirus Pandemic
Dated: February 12 2021
Home seller profits are soaring as home prices set new records in the pandemic. Home sellers nationwide in 2020 saw a home-price gain of $68,843 on the average sale—that is up from $48,500 two years prior, according to new research from ATTOM Data Solutions, a real estate research firm. Seller profits increased in more than 90% of the housing markets tracked, too.
Home seller equity for single-family homes and condos represented a 34.7% return on investment compared to the original purchase price, marking the highest gain since 2006, researchers note.
Latest Blog Posts
Well, spring is upon us. In my line of work, that means one thing: people are about to get serious about real estate.Buying a house is an exciting event, but a lot of people are struggling to find