Home sellers continue to see higher profits from their homes as a hot housing market rolls on. In the first quarter, sellers generated an average profit of $70,050 on the sale of their home, up 26% compared to a year earlier ($55,750), according to ATTOM Data Solutions’ 2021 U.S. Home Sales Report.The $70,050 in profit accounts for a 34.2% return on investment compared to the original purchase price, which is also higher than the 30.8% from a y
Some buyers may be drawn to the charm and character of an older home. On the other hand, other buyers may prefer the newest floor plans and features.Homes.com scoured listings for sales nationwide to find the number of homes built by 1940, prior to 2000, in 2000 or later, or between 2016 and 2020. Then, they separated the listings into four categories based on these breakdowns: Pre-war homes, older homes, newer homes, and modern homes.Source:&nbs
The most in-demand locations for renters are certainly not the ones you’d expect, RentCafe notes in its latest study. Mid-sized markets, such as Central Valley, Calif.; Spokane, Wash.; and Boise, Idaho, were the most sought-after apartment markets in the last quarter.“The largest markets and surrounding exurbs show renters are distinctively looking to get more square footage or more amenities for the same price, within these hubs and close to
May offers some of the best days of the year to sell a home at a premium, assuming history repeats itself. Home sales over the past 10 years have shown that spring and summer months tend to offer the highest premiums when selling. Home sellers, on average, see an 8.8% premium above market value during these months, according to a new study from ATTOM Data Solutions, a real estate research firm. Ten of the best days to sell are in the month of May
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With rising home prices, some markets have lost affordability, but a robust economy promises to help housing thrive in many areas of the country.Realtor.com® and The Wall Street Journal identified the top markets with growing economies and booming housing markets in their brand-new joint Emerging Housing Markets Index. The index evaluates the nation’s 300 largest metros to identify the areas with strong housing demand,
Buyers who purchase newly constructed homes are paying more not only because of intense competition in the market but also surging lumber prices. Record-breaking growth for the cost of lumber is pressing on builders’ budgets and prompting them to pass along price increases to buyers.The increase in lumber prices over the past year has added $35,872 to the price of an average new single-family home and $12,966 to the price of
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
Home buyers had another opportunity to snag ultra-low rates this week. The 30-year fixed-rate mortgage averaged 2.98%, Freddie Mac reports.“In light of the rising COVID-19 caseloads globally, U.S. Treasury yields stopped moving up a month ago and have remained within a narrow range as the market digests incoming economic data,” says Sam Khater, Freddie Mac’s chief economist. “The good news is that with rates under 3%, refinancing continue
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