Homeowners continue to reap profits off their home sales. U.S. homeowners who sold in the first quarter of this year realized an average home price gain since purchase of $57,500. That is up slightly from an average of $56,733 a year ago, according to ATTOM Data Solutions’ Q1 2019 Home Sales Report. The gains represented an average 31.5 percent return as a percentage of the original purchase price.Markets along the West coast saw some of the gr
Existing-home sales surged last month, posting their largest month-over-month gain since December 2015, the National Association of REALTORS® reported Friday. Sales jumped 11.8 percent in February compared with the previous month, reaching a seasonally adjusted annual rate of 5.51 million. Three of the four major regions of the U.S. posted gains, while the Northeast remained unchanged.“A powerful combination of lower mortgage rates,
The amount of time it takes to sell a home has been dropping for the last four consecutive years, but in February, the typical home sat on the market for 83 days, which is unchanged from a year ago. That’s a sign that the market is slowing but not reversing, according to realtor.com®.The site’s researchers evaluated the 250 largest metro areas from March 2018 to February 2019 to see where homes are selling the fastest, and there’s wide flu
A hedge fund billionaire is on a real estate purchasing spree. Ken Griffin, founder and CEO of Citadel, purchased the most expensive home ever sold in the U.S.—a New York penthouse overlooking Central Park—for $238 million. Griffin’s latest purchase solidifies his love for real estate, adding to his other $700 million in global real estate purchases. Griffin is becoming known for his real estate record deals—he has also purchased the
For the second consecutive month, existing-home sales rose, as three of the four major U.S. regions saw an increase in sales last month, the National Association of REALTORS® reported Wednesday.Total existing-home sales—which are completed transactions for single-family homes, townhomes, condos, and co-ops—rose 1.9 percent from October to a seasonally adjusted rate of 5.32 million in November. Sales, however, are still down 7 percent from a
In some markets, homes are selling at record speeds. Realtor.com®’s research team scoured the listing data to find which markets are seeing the quickest sales, based on the median number of days on the market.The number of days spent on the market is important for sellers and prospective buyers to know, says realtor.com®’s chief economist Danielle Hale.“That info can give home buyers an idea of how much competition they face, how limited
For home shoppers looking to live in a mansion, they’ll find their money stretches the most in Arkansas. Home shoppers pay a median of $63 per square foot in the state, and the median cost of an 8,000-square-foot mansion is $504,000.Consumers who like big homes will find that mansions—homes of at least 8,000 square feet—are significantly more affordable in some parts of the country than others.GOBankingRates crunched realtor.com® data to
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