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Home is where the wealth is

Posted by   /  September 7, 2017  /  No Comments

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Zillow study finds home owners who stay put for 71/2 years net a 24% return on investment.

Builder

Holding onto your home for a long period of time over the last decade meant a serious return on investment, especially in some of the nation’s hottest housing markets. According to a new Zillow®analysis, out Wednesday, Oakland, Calif. and Portland, Ore. top the list of cities where home sellers saw the greatest return.

In Oakland, the typical seller in 2016 sold their home for an average of $590,000 after living in it for just over seven years, which is 78% more than what they initially paid. In Portland, the typical 2016 seller sold for about $145,000 more than what they paid nine years earlier, a 65% gain.

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  • Published: 2 months ago on September 7, 2017
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  • Last Modified: September 7, 2017 @ 9:09 am
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