“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.
The Perks of Selling Your House When Inventory Is Low
Buyers have fewer choices now than they did in more typical years. And that’s why you could see some great perks if you sell today.
Why Home Prices Keep Going Up
Even though higher mortgage rates has caused buyer demand to moderate, home prices are going back up is because there still aren’t enough homes for sale for all the people who want to buy them.
Are Higher Mortgage Rates Here To Stay?
Experts typically recommend focusing your search on the right home purchase — not the interest rate environment.
Key Skills You Need Your Listing Agent To Have
A listing agent, also known as a seller’s agent, helps market and sell your house while advocating for you every step of the way.
Are You a Homebuyer Worried About Climate Risks?
Homebuyers are interested in finding out if the house they want will be exposed to things like floods, extreme heat, and wildfires.
Home Prices Are Not Falling
Don’t fall for the negative headlines and become part of this statistic. Remember, data from a number of sources shows home prices aren’t falling anymore.
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