RealtyTrac: Sellers Cashing-Out as Market Plateaus

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Posted To: MND NewsWire

It seems that homeowners can again reasonably expect that investing in a home might be a real investment . While buying a home certainly isn't a get-rich-quick-scheme, RealtyTrac said on Thursday that homeowners who sold their homes during the third quarter saw an average gain of 17 percent. That percentage, the largest since the third quarter of 2007, translates into a dollar gain that averaged $40,658 over the initial purchase price of the property. Homeowners who sold in the third quarter had owned their home for an average of 6.72 years. RealtyTrac's U.S. Home Sales Report for the third quarter indicates that the appreciation that has led to these home sale profits however has now slowed . The company said the average sale price of single family homes and condos nationwide during the quarter...(read more)

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Source: http://www.mortgagenewsdaily.com/11052015_realtytrac_home_sales.asp

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