ATTOM: Average homeowner gains 24% return in equity since purchase

Homeowners gained an average of $44,000 in equity, a 24% return on purchase price, the highest since 2007. Sellers held homes for an average of 7.97 years, longer than pre-recession averages. Low inventory of move-up and starter homes limits sales, but some markets show signs of increased turnover. Home prices reached new highs, fueling a strong spring home-buying season.