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GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Sunday, November 8, 2015

Profits on U.S. home sales hit 8-year high

The third quarter was the most profitable time to sell a home in the U.S. in eight years, according to a new report from RealtyTrac.

Homeowners who sold their homes during the third quarter saw an average price gain of $40,658, or 17%, according to RealtyTrac. That’s the highest average price gain since the third quarter of 2007. But those who sold may have done so at just the right time, said RealtyTrc vice president Daren Blomquist.

“An increasing number of homeowners in 2015 have been cashing out the home equity they’ve gained during the housing recovery of the past three years,” Blomquist said. “That may be a good decision because the data points to a plateauing market going forward. Home price appreciation is slowing, a trend that will continue if interest rates rise in the coming months as expected. Meanwhile the threat of rising interest rates combined with lowered premiums for buyers using FHA loans is spurring more demand.”

The report also showed that 23.4% of all single-family home and condo sales with financing in the third quarter made use of Federal Housing Administration loans. that’s up from 23.2% in the second quarter and 17.9% in the third quarter of 2014. The share of homes purchased with FHA loans last quarter was the highest since the second quarter of 2012.

MPA

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