Seller Profits Hit New High Amid Struggling Economy

While unemployment remains high and the economy continues to suffer from the COVID-19 pandemic, the housing market is proving resilient. During the second quarter of this year, home sellers netted a median $75,971 profit at resale, up from $66,500 in the first quarter and $65,250 a year earlier, according to research firm ATTOM Data Solutions. The second-quarter figure represents a 36.3% return on investment—the highest level since the Great Recession—and is up from 34.5% in the first quarter and 33.7% a year prior, ATTOM Data Solutions reports.  Read more.