“The good news is, it’s okay to admit if your house no longer fits your needs.”
It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.
The good news is, it’s okay to admit if your house no longer fits your needs.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3% from one year ago.These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a home and are thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream, and your home may be high on their wish list.
Bottom Line
If you think you’ve outgrown your home, let’s get together to discuss local market conditions and determine if now is the best time for you to sell.
To view original article, visit Keeping Current Matters.
How Quickly Can You Save Your Down Payment?
Saving for a down payment? You may be closer to your dream home than you think!
Renters Paying Substantially More While Owning Costs Less
With rent prices skyrocketing and mortgage payments decreasing, we’re in for a great spring home-buying season!
New Study Reveals One Surprising Reason for the Inventory Shortage
If millennials are unable to find a home to buy at a young age like their predecessors, then who is living in those homes?
Buyer Demand Surging as Spring Market Begins
Whether you are selling or buying, this is important news! The spring buyers’ market is going to be much stronger than many had projected.
3 Questions You Need To Ask Before Buying A Home
Only you will know if now is the right time to purchase a home. Need help deciding? Call our office for help from one of our agents.
Slaying the Hardest Homebuying Myths Today
Arming yourself with info about what’s really going on in the housing market will ensure you become the ‘King or Queen of Your Castle.’