Home seller profits jumped 45% in 2021

Anyone who sold their home last year may have been shocked by the huge profit they made. The average gain realized by home sellers in 2021 came to $94,092, according to a new analysis by ATTOM Data Solutions. That’s up 45% from last year, and 71% from two years ago. Home seller profits jumped in

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Home prices continue their rapid growth, up 18% year-over-year

Home prices in the U.S. jumped by 16% in April 2021 compared to April 2020, according to newly published data from the Federal Housing Finance Agency this week. Home prices also grew on a month-to-month basis, rising 1.8% from March to April, surpassing the 1.6% increase seen the previous month, the FHFA said. The agency

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More than half of all existing homes sold above asking price in May

Redfin survey finds that 51% of homes sold above their list price in May

Luxury home sales have doubled in the last 12 months

While home sales have increased in every price bracket since the COVID-19 pandemic began, they’re rising much more quickly at the upper end of the market. Indeed, sales of luxury homes valued at $1 million or more have doubled since last year, causing National Association of Realtors chief economist Lawrence Yun to comment that this

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Looking ahead to 2012

What’s in store for housing markets in 2012? Well, the good news is that we may finally be over the worst. Following five long, often painful years of price declines, which saw median home prices drop by almost 40%, housing is finally showing signs of a rebound – although we still have some way to go.

Majority of Homeowners Believe Their Homes are Undervalued

The number of sellers who believe their homes are being undervalued has increased over the last 12 months, as 76% of American homeowners now believe that their homes should be valued at more than what their listing agent recommends – a rise of 3% from last year, according to a survey carried out by HomeGain.

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