 |
| Daren Blomquist |
IRVINE, CA, Nov. 5, 2015 —
RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive
housing data, today released its September and Q3 2015 U.S. Home Sales Report,
which shows that homeowners who sold during the third quarter realized an
average price gain of $40,658 (17 percent) from the purchase price of their
property, the highest average price gain for home sellers since the third
quarter of 2007.
The report also shows home
sellers in the third quarter on average had owned their home for 6.72 years
when they sold.
“An increasing number of
homeowners in 2015 have been cashing out the home equity they’ve gained during
the housing recovery of the past three years,” said Daren Blomquist, vice president at RealtyTrac.
“That may be a good
decision because the data points to a plateauing market going forward. Home
price appreciation is slowing, a trend that will continue if interest rates
rise in the coming months as expected. Meanwhile the threat of rising interest
rates combined with lowered premiums for buyers using FHA loans is spurring
more demand.”
For a complete copy of the company’s news
release, please contact:
Jennifer von Pohlmann
Sr. Data PR Manager
Office: 949.502.8300 ext 139
No comments:
Post a Comment