16 Aug 2022

Most homeowners still making a profit at sale

From Morning Report, 7:55 am on 16 August 2022

Most homeowners are still making healthy profits when they sell their houses, despite growing weakness in the market.

CoreLogic's latest "Pain & Gain" report shows 98.1 percent of properties resold in the June quarter made a profit, down 1-point from the previous quarter.

The median gain fell about $48,000 to $370,000, while the median loss increased to $40,000.

CoreLogic chief economist Kelvin Davidson spoke to Corin Dann.