said home sellers nationwide realized an average gain of $75,971 on sales — a 36.3% return on investment — up from a $66,500 profit, or 34.5%, in the first quarter of 2020 and from $65,250, or 33.7%, in the second quarter of last year.
"The housing market across the United States pulled something of a high-wire act in the second quarter, surging forward despite the encroaching economic headwinds resulting from the coronavirus pandemic," said Todd Teta, ATTOM Data Solutions chief product officer, in the report. "Profit margins hit new records as prices kept climbing, with few indications that the impact of the virus would topple the market," according to Teta.
"No doubt, a lot of the ongoing prosperity resulted from gains seen before the pandemic started racing through the country in February and March," he said. The second-quarter results showed continuing strength in most parts of the US, he said.
Wait until the balloon pops, a big reset is coming.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The coronavirus pandemic killed the fast-food breakfast as we know it - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I do think about how sanitary the guy is making 7.25/hr now and then
Source: BusinessInsider - 🏆 729. / 51 Read more »
The $107,000 Lexus LC500 is the best-kept secret on the car market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 reasons why US housing market will stay strong through the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash risks after COVID-19 vaccine is available: SocGen - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. HEPA and NBLX are my stock picks. Great buy. Good outlook.
Source: BusinessInsider - 🏆 729. / 51 Read more »