Home Sellers Make $Bank$ Q2 Of 2022





Profits for Home Sellers Surge Again Across U.S. Profit Margins on Typical Home Sales Hit Another Record, Rising to 56 Percent; Investment Returns in Second Quarter Rise at Fastest Pace in More Than a Decade Median home prices in the second quarter of 2022 exceeded values from the prior quarter in 181 of the 183 metropolitan statistical areas The smallest annual increases in metro areas with a population of at least 1 million in the second quarter of 2022 were in Honolulu, HI (up 4.4 percent); Buffalo, NY (up 5.5 percent); Virginia Beach, VA (up 6.3 percent) Homeownership tenure remains historically low. Homeowners who sold in the second quarter of 2022 had owned their homes an average of 5.87 years. That was the same portion as in the second quarter of 2021