Home prices have mostly increased over the past 10 years. Outside of a few dips and small declines, values have been rising fairly consistently. This has been good for homeowners, who have built up significant equity in their homes. In fact, according to ATTOM Data Solutions’ Year-End 2023 U.S. Home Sales Report, homeowners who sold a home last year saw near record-high profits. Rob Barber, ATTOM’s CEO, says home seller profits are more than double what they were even five years ago. “Last year certainly stood out as another very good year for home sellers across most of the United States,” Barber said. “Typical profits of over $120,000 and margins close to 60 percent were still more than double where they stood just five years earlier.” In 2023, the typical home sale resulted in a $121,000 profit, generating a 56.5 percent return on investment. That’s down slightly from 2022, when profits were $122,600 and returns were closer to 60 percent. (source)
