Home seller profits declined again in the first quarter of the year due to flat and, in some areas, falling prices, according to a new report released by nationwide property data provider Attom. Profit margins on typical home sales hit a two-year low, dropping from 48.7 percent in the fourth quarter of 2022 to 44.2 percent in the first quarter of 2023. National median home prices increased just 1 percent, to $321,135. “Homeowners are starting to take a significant hit in the form of lost profits from the recent market slowdown. Nine months of varying price declines around the country have carved away almost a quarter of the profit margin sellers were enjoying in early 2022. That’s
Hence then, the article about home seller profits at two year low report was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Home seller profits at two-year low: report )