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M R EP O RT | 41 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST ORIGINATION Homesellers Seeing Highest ROI in 13 Years In which regions of the county are sellers reaping the highest benefits from rising home prices? A TTOM Data Solutions reported that sellers in 2019 saw a home-price gain of $65,500 on a typical sale—an increase from 2018's $58,100 and 2017's $50,037. This is the highest profit level recorded in the U.S. since 2006. A profit of $65,500 for an aver- age home seller is a 34% return on investment compared to the original purchase price. This is an increase of 31.4% in 2018 and a 27.4% jump from 2017. "The nation's housing boom kept roaring along in 2019 as prices hit a new record, returning ever-higher profits to home sellers and posing ever-greater challenges for buyers seeking bargains. In short, it was a great year to be a seller," said Todd Teta, Chief Product Officer at ATTOM Data Solutions. "But there were signs that the market was losing some steam last year, as profits and profit margins increased at the slowest pace since 2011. While low mortgage rates are propping up prices, the declining progress sug- gests some uncertainty going into the 2020 buying season." Of the cities with a population higher than 200,000, markets in the western states recorded the highest return on investments. San Jose, California, reported a 72.8% ROI in 2019, while Seattle (65.6%); Merced, California (63.2%); and Salem, Oregon (62.1%) were close behind. These four markets also let the nation in ROI during 2018. Average home prices rose 6.2% in 2019 to an all-time high of $258,000. Home-price appreciation last year bested the 4.5% increase in from 2017 to 2018, but came short of the 7.1% hike from 2016 to 2017. South Bend, Indiana, had the highest year-over-year increase in average home prices at 18.4%. Boise, Idaho, came in second with annual home price appreciation at 12.6%. Spokane, Washington (10.9%); Atlantic City, New Jersey (10.6%); and Salt Lake City (9.6%) also had some of the highest appreciation rates. Additionally, ATTOM reported that homeowners who sold homes in Q 4 2019 owned their homes an average of 8.21 years—an increase from the prior quarters 8.08 years Q 4 2018's 7.95 years. The latest reading represents the longest average home-seller tenure since Q1 2000. On the Move: Following the Nation's Homebuyer Migration Patterns Gen Xers are reportedly the most active movers. But where are they heading? S torageCafe reveals that even though mobility may have slowed, there are still plenty of Americans that are moving every year, which impacts local economies and other vari- ous factors. After analyzing the data, StorageCafe found that citizens that were migrating to the country's largest urban areas were focused on the factors of quality housing and appealing neighborhoods versus their moving decisions being driven by the job economy as it has been in the past. It was also found that of all of the mov- ers, those Gen Xers among the bunch are the most active movers, as this generation accounted for an impressive 40% of all migrators heading to the large metro areas. Millenials were fast on their heels, account- ing for 32% of the migrators. The company then identified the nation's cities that are attracting the most inbound migration, as well as those that are at- tracting the least or even losing significant chunks of homeowners altogether as they head to more hot urban housing areas. After taking America's 389 largest metro areas, the company used this data to figure out the top 100 that attracted the most inbound migration. It was discovered that the southern metro areas of Dallas-Fort Worth-Arlington, Texas; Phoenix-Mesa-Scottdale, Arizona; and Houston-The Woodlands-Sugar Land, Texas, experienced the highest influx in population, while Chicago-Naperville-Elgin, Illinois; New-York-Newark-Jersey City, New York-New Jersey; and Los Angeles-Long Beach-Anaheim, California, areas fared the poorest regarding attracting homeowners to come to their enclaves and purchase, then put down roots. Forbes also reported on a study that was conducted by Atlas Van Lines that tracked the migratory patterns by state. The study revealed that Idaho attracted the most inbound migration this past year, followed by Washington, North Carolina, and New Mexico. The state that fared the worst was New York, followed by West Virginia, South Dakota and Illinois.