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September 2017   Volume 43, Number 9      
 

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Life Is Great for U.S. Homesellers

Right now it is a great time to be a homeseller. For homesellers, it is the most profitable time to sell a home in almost ten years. Homeowners who sold their homes in the first three months of this year saw an average price gain of $44,000 from purchasers, according to a report from Attom Data Solutions. That amounts to the highest gain since 2007.

Cities with robust local economies have seen strong gains in price during the housing market’s recovery. Low housing supply has helped to push up prices, creating competitive markets where bidding wars and above-asking price sales are common. Across the nation, the median home price was $225,000 during the first quarter of 2017, the report stated, an increase of 13 percent from a year ago.

Even in sellers’ markets, homeowners are not necessarily in a hurry to list their homes. Sellers in the first quarter of the year had lived in their homes for an average of nearly eight years. While some sellers hesitate to list their homes because they believe they won’t be able to find another home to move into, other homeowners are simply enjoying the home price appreciation and are anticipating that home prices will continue to rise.

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In this issue:

The 10 Fastest Growing Cities in the U.S.

Automation Could Eliminate Real Estate Appraisal Jobs

Life Is Great for U.S. Homesellers

Los Angeles Ranks First as Best City for Global Real Estate Investors

Millennial Homebuyers Are Struggling

Millennials More Likely to Regret Real Estate Choices

Real Estate Startup Redfin Gears Up for IPO

Zillow’s Instant Offers Program Draws Ire From Real Estate Agents

Second Homes Sales Decline as Investment Sales Increase

Nine Highly Salable Factors of Real Estate Property

 


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