article thumbnail

Home Seller Profit Margins Slip for Second Consecutive Year

Appraisal Buzz

Home Sales Report , which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return-on-investment (ROI). The downward investment-return trend continued despite the median national home price rising 5% to another annual record of $350,000. After a weak 2023, the U.S.

Sellers 395
article thumbnail

A new source of affordable housing inventory: Private seller auctions

Housing Wire

New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. More inventory for boots-on-the-ground buyers Richards started investing in real estate in 2004 and discovered distressed property auctions in late 2019.

Sellers 333
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home Seller Hot Spots 

Appraisal Buzz

Ranking second easiest for sellers is Allentown, Pennsylvania, with 57.4% In cities like Rochester and Allentown, the combination of lower home values and high buyer demand creates a favorable sellers market, added the Calgaryhomes.ca The post Home Seller Hot Spots first appeared on The MortgagePoint. of houses sold.

Sellers 291
article thumbnail

Buyers still expect sellers to cover agent compensation

Housing Wire

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. While it appears that most sellers are still offering some level of compensation, 12% of agents reported they were still unsure of what the emerging trend will be. 30 and Sept.

Sellers 511
article thumbnail

Mortgage servicing startup Valon raises $100M in Series C funding round

Housing Wire

The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019. Valon founder and CEO Andrew Wang has emphasized the company’s focus on innovation from day one.

Mortgage 448
article thumbnail

Sell more homes: 17 home staging tips for real estate agents

Housing Wire

Its important to communicate to your sellers the value of home staging for real estate by taking out the personalization of the home while keeping the home’s personality and what makes it unique. Pro Tip If theres a pool or outdoor water feature, be sure the seller turns it on during showings.

article thumbnail

Splitero secures $350M in funding from Blue Owl Capital

Housing Wire

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. It was already available in the states of Arizona, California, Colorado, Oregon, Utah and Washington.

Investing 389