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| Sponsored by Quicken Loans |
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| Home Sellers Are Making Bank in Today‘s Market |
| By Suzanne De Vita |
Home sellers are making bank in today's market, realizing a 24.1 percent, or $39,900, gain in 2016, according to a recent analysis by Zillow. Sellers on the West Coast—where home prices have rocketed since the recession—saw higher returns, with those in Oakland, Calif., taking home the most at 78 percent, or $235,000. Duration is key. The average seller turning a $39,900 profit, the analysis shows, held on to their home for seven years and five months. The average seller in Oakland hung on to their home for seven years and three months. ...
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