Home seller profits at two-year low: report ...Middle East

Home seller profits declined again in the first quarter of the year due to flat and, in some areas, falling prices, according to a new report released by nationwide property data provider Attom.  Profit margins on typical home sales hit a two-year low, dropping from 48.7 percent in the fourth quarter of 2022 to 44.2 percent in the first quarter of 2023. National median home prices increased just 1 percent, to $321,135. “Homeowners are starting to take a significant hit in the form of lost profits from the recent market slowdown. Nine months of varying price declines around the country have carved away almost a quarter of the profit margin sellers were enjoying in early 2022. That’s

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