Owners will spend almost $21,000 to sell their home in 2019, Zillow says

Zillow | April 09, 2019

Owners will spend almost $21,000 to sell their home in 2019, Zillow says
Homeowners in the U.S. will spend an average $20,851 to sell in 2019, according to a report released Tuesday from Zillow. That includes real estate commissions, taxes and projects such as painting and landscaping to prepare for listing. The total transaction expense will include an average $14,281 in agent commissions and transfer taxes, according to the report. Those are based on sale price, and will range from about $76,015 in San Jose, California, one of the nation’s priciest markets, to about $9,046 in Cleveland, Ohio.

Spotlight

The U.S. currently has a student debt load of $1.4 trillion, which accounts for 10 percent of all outstanding debt and 35 percent of the non-housing debt. The magnitude of the debt continues to grow in size and share of the overall debt in the economy. While this amount of debt has risen, the homeownership rate has fallen and fallen more steeply among younger generations. From the National Association of REALTORS® Profile of Home Buyers and Sellers, among recent home buyers, 27 percent have student loan debt and the typical amount is $25,000.

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Spotlight

The U.S. currently has a student debt load of $1.4 trillion, which accounts for 10 percent of all outstanding debt and 35 percent of the non-housing debt. The magnitude of the debt continues to grow in size and share of the overall debt in the economy. While this amount of debt has risen, the homeownership rate has fallen and fallen more steeply among younger generations. From the National Association of REALTORS® Profile of Home Buyers and Sellers, among recent home buyers, 27 percent have student loan debt and the typical amount is $25,000.