{"id":8558,"date":"2015-11-09T13:59:12","date_gmt":"2015-11-09T13:59:12","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=8558"},"modified":"2015-11-09T13:59:12","modified_gmt":"2015-11-09T13:59:12","slug":"home-sellers-net-highest-profits-in-8-years","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/home-sellers-net-highest-profits-in-8-years\/","title":{"rendered":"Home Sellers Net Highest Profits in 8 Years"},"content":{"rendered":"

Home Sellers Net Highest Profits in 8 Years<\/h2>\n
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Home Sellers Net Highest Profits in 8 Years. Image courtesy of hywards \/ FreeDigitalPhotos.net<\/p><\/div>\n

Rising home prices over the last few years are finally putting more money back into home sellers\u2019 pockets. Home owners who sold during the third quarter saw an average price gain of $40,658 \u2013 or 17 percent \u2013 from the purchase price of their property \u2013 the highest average price increase for sellers since the third quarter of 2007, according to RealtyTrac\u2019s Third Quarter 2015 U.S. Home Sales Report.<\/p>\n

\u201cAn increasing number of home owners in 2015 have been cashing out the home equity they\u2019ve gained during the housing recovery of the past three years,\u201d says Daren Blomquist, vice president at RealtyTrac. \u201cThat 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.\u201d<\/p>\n

In its analysis of 171 counties nationwide, RealtyTrac found that the following counties saw sellers, on average, see some of the largest gains\u00a0in the third quarter:<\/p>\n