The Selling Dilemma by Bay Equity Mortgage
Record demand for housing means windfall cash gains for today’s home sellers.
Today’s sellers are averaging record returns of $44,000 over what they paid, an increase of 24 percent – and much more in the hottest markets. Real estate investors are grinning ear-to-ear. But despite these high-profit results, many American homeowners are skipping out on the selling bonanza. Why? Because most people are not investors. They use their sales profits as a down payment on a new home – in the same market in which they just sold. Full Article