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Happy days are here again! Especially if you’re selling your home.
According to an article at Realtor.com, home sellers are seeing profits not seen since the Great Recession.
In Q4 of 2017, home sellers pocketed an average $54,000 over what they originally paid for their homes. That's up 0.49% over the previous quarter and nearly 14.6% over the same quarter the previous year.
The national housing shortage, combined with the pressure to buy NOW before mortgage rates spike, has created an environment for sky high profits.
"If you're selling, you're taking advantage of a red-hot housing market with low supply, high demand, and fast-appreciating home prices in many areas," says Daren Blomquist, senior vice president at ATTOM, a real estate information firm.”
For the full article, click HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.