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Posted on February 7, 2018 - 09:29 AM
by Diane Sterling
Home sellers had it good at the end of last year, racking up profits they hadn't seen in more than a decade, a new report finds.
In the last quarter of 2017, sellers pocketed an average $54,000 over what they originally paid for their homes, according to a recent ATTOM Data Solutions report. That's up 0.49% over the previous quarter and nearly 14.6% over the same quarter the previous year.
And it's the most sellers have netted, an average 29.7% profit, since the third quarter of 2007. Thank the national housing shortage for those sky-high returns.