Home Sales Profits Up While Appreciation Slows Down

Profits on home sales reached their highest point in eight years in the third quarter despite a slowing-down of appreciation rates, according to RealtyTrac's U.S. Home Sales Report.

Sellers saw gains on home sales reaching an average of $40,658, the highest rate since the third quarter of 2007. But meanwhile, sale prices rose only 2.4% year-over-year — the lowest annual appreciation rate since 2012.

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