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Summary: U.S. Home-Seller Profits Continue Rising as Home Values Hit New Highs in Third Quarter
- ATTOM released its third-quarter 2023 U.S. Home Sales Report, showing increased home-seller profits and rising home values.
- The report highlights the strong demand for housing and the impact on home prices and seller profits.
- Home values are expected to continue rising, potentially affecting affordability for buyers.
Implications of Rising Home Values and Seller Profits
ATTOM, a leading curator of land, property, and real estate data, has released its third-quarter 2023 U.S. Home Sales Report, which shows that home-seller profits continue to rise as home values hit new highs. This trend highlights the strong demand for housing and the impact it has on home prices and seller profits.
As home values continue to rise, affordability may become a concern for potential buyers, particularly first-time homebuyers and those with limited budgets. This could lead to increased competition for available homes, further driving up prices and making it more difficult for some buyers to enter the market. On the other hand, sellers are likely to benefit from the increased demand and rising home values, potentially resulting in higher profits when they sell their homes.
In conclusion, the third-quarter 2023 U.S. Home Sales Report from ATTOM shows that home-seller profits continue to rise as home values hit new highs. This trend highlights the strong demand for housing and its impact on home prices and seller profits. As home values continue to rise, affordability may become a concern for potential buyers, while sellers are likely to benefit from increased demand and higher profits.
Orginal article: Link To Article – provided by Kansas City Realtors
