Fed and Economy Watch

Homeowner Profits Soared in Q3

2020-10-23T08:46:38-06:00October 23rd, 2020|

The contribution made to household wealth by homeownership is underlined in ATTOM Data Solutions' third-quarter U.S. Home Sales Report. The company said that a typical homeowner who sold a home during the quarter had a gain of $85,000. This was $10,000...

Second Homes, Widespread but Few in Number

2020-10-19T08:31:41-06:00October 19th, 2020|

There were approximately 7.5 million second homes in the U.S. in 2018, the most recent year for which data is available. This is 5.5 percent of the nation's total housing stock. Na Zhao, writing in the National Association of Home Builders (NAHB's) Eye...