Typical Home Sale Generates $85,000

Typical Home Sale Generates $85,000

If you’re a homeowner thinking about selling your house, you’re in luck. Today’s market is good for selling and, according to new numbers, it only got better during the third quarter. In fact, the report found that the typical home sale generated a gain of $85,000 for homeowners. That’s up from $75,000 in the second quarter and $66,000 last year at the same time. The results mean the typical homeowner received a 38.6 percent return on investment compared to the price they paid for their home.

Higher Returns on Average Home Sale

Todd Teta, chief product officer at ATTOM, says the housing market continues to thrive despite the economic damage of the pandemic. “Home prices and seller profits across the nation continue racking up new highs as the housing market remains relatively immune from the economic havoc caused by the coronavirus pandemic,” Teta said. “It’s almost as if the housing market and the overall economy are operating in different worlds.” Both the raw-profit and return-on-investment figures are at their highest point since before the housing crash and financial crisis more than a decade ago. To learn more, click on the following link (source).

A1 Mortgage

Here at A1 Mortgage, we know how important it is to choose the right house for you and your companion. We have the responsibility to provide you with the best products and the highest level of customer service possible. With hundreds of loan programs available, we tailor a loan specific to your mortgage needs. So come get pre-approved and start shopping for your dream home by clicking here!

Share This Story, Choose Your Platform!