1226 - Home Sale Profits Drop for First Time in Decades—What Does It Mean, and Where Should Investors Put Their Money Now? By Anna Cottrell

BiggerPockets Daily

English - February 22, 2024 07:00 - 11 minutes - ★★★★★ - 284 ratings
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Much recent news in real estate has centered on home prices, which appear to still be rising. But what about the profits from home sales?
The latest Year-End U.S. Home Sales Report from ATTOM paints a less rosy picture of what’s going on in the real estate market. In fact, it’s showing that home sales profits dropped for the first time in a decade in 2023. So what are the figures, and what do they mean for investors?
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Much recent news in real estate has centered on home prices, which appear to still be rising. But what about the profits from home sales?

The latest Year-End U.S. Home Sales Report from ATTOM paints a less rosy picture of what’s going on in the real estate market. In fact, it’s showing that home sales profits dropped for the first time in a decade in 2023. So what are the figures, and what do they mean for investors?

Learn more about your ad choices. Visit megaphone.fm/adchoices