Here s Why This Month May Be a Good Time To Sell Your Home gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Homeseller profits decreased in the first quarter, but remained elevated from last year, according to the latest report from ATTOM Data Solutions.
ATTOM released its first-quarter 2021 U.S. Home Sales Report, which shows that homeseller profits nationwide were again up on an annual basis in yet another sign of how the housing market is fending off economic damage caused by the COVID-19 pandemic.
The typical home sale in the first quarter generated a profit of $70,050, or 34.2 percent. That was down from $75,750, or 30.8 percent in the fourth quarter of 2020 but still up 26 percent from $55,750 in the first quarter of 2020.
Small dips in homeseller profits are common in the first quarter of the year as the homebuying season goes into its annual cold-weather lull.
The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2021.
It is likely the results of this survey were significantly distorted by the pandemic.
This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
This survey might show the trend, but I wouldn t rely on the absolute numbers. Analysts probably shouldn t use the HVS to estimate the excess vacant supply or household formation, or rely on the homeownership rate, except as a guide to the trend.
Calculated Risk calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.
Calculated Risk calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.