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January 30, 2023

Home sellers get while the gettin's good

  • The likelihood that home prices will fall further this year sets the stage for more modest gains.
    • By ALEX VEIGA
    AP Business Writer

    iStock image
    Years of soaring prices powered big profits for home sellers last year, even as sharply higher mortgage rates knocked the housing market into a skid.

    LOS ANGELES — Homeowners who held off on selling their home in 2022 as the housing market slowed missed out on a windfall and may have to settle for slimmer profits if they opt to sell this year.


     
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