Thursday, May 2, 2024 | The Latest Buzz for the Appraisal Industry

Average Home Profit Sinks to $103k

Releasing its first quarter 2022 Home Sales Report, ATTOM Data found that profits on median-priced home sales have dropped for the for the first time since 2019 which may indicate the recent housing boom may be slowing.  Profit margins in the first quarter dropped from 51.6% to 47.2%, a 4.4 percentage point decline, the first drop …

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