Homeowners Realize Biggest Profit in 9 Years.

ByPete Belcastro

The information below shows so many things.  1)  look at the housing market as it built up toward the Great Recession of 2007-08. 2)  Look how far the housing market collapsed and sellers lost money and homes to foreclosure between 2008 and 2013.  and 3) we are in a modest recovery for homeowners now and are approaching the profit level of 2004.

Let’s watch closely what 2017 will turn out to be for homeowner selling profit. If history holds true we’ll continue this run for several more years to come. Warning, however, there will be a housing contraction, where and when nobody knows.  Today, if you’re a homeowner and planning to sell in the next few years, chances of a sellers market and increased profits should continues.    Pete

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