Home sellers see biggest profits in a decade — not just because of higher prices | Houma LA Homes.com

Home sellers see biggest profits in a decade — not just because of higher prices

In this hot housing market, home sellers are racking up bigger profits on their homes than they have in a decade. Fast-rising home prices, coupled with homeowners staying put longer than usual are driving the trend.
 

The average tenure of a homeowner who sold in the second quarter of this year came in at just over eight years, the longest since the year 2000, when ATTOM Data Solutions began tracking the metric. During the last housing boom, in the mid-2000s, the average homeownership tenure was around four years.

 

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Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California.

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