Los Angeles ranks No. 5 nationally in return on investment for long-term homeowners
October 4, 2017
Los Angeles homeowners who sold last year after holding on to their homes for a long period of time saw sizable returns on their investments.
The typical Los Angeles home seller made $200,000 on the sale of a home in 2016 after owning it for a median period of nine years and eight months, according to a Zillow study released this month.
That 53.7% gain, during a time of rising home prices nationwide, was better than 28 of the 33 metropolitan ...

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