Homeowners who sold their homes in the 3rd Quarter of 2015 saw some of the largest gains in the US. According to RealtyTrac, homes sold in this quarter returned gains of 30.2% or an average price gain of $130,593. This includes all homes sold regardless of when home was purchased. The average American moves once every five years. With 41% of markets reporting decreases, we in the DC Metro region are living in an area where, even with our high real estate prices, it is still 17% cheaper to buy a home rather than to rent.
You can read more here at realtytrac.com
Average Price Gain of $40,658 Highest Since Q3 2007 Despite Annual Home Price Appreciation Slowing to 2 Percent in Third Quarter, Slowest During Recovery; FHA Buyer Share Increases While Share of Cash and Distressed Sales Continues to Drop IRVINE, Calif…. Read More »