“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.
What Experts Project for Home Prices Over the Next 5 Years
Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth.
Planning to Retire? Your Equity Can Help You Make a Move
Whether you’re looking to downsize, relocate to a dream destination, or move closer to friends or loved ones, equity in your home may help.
Expert Home Price Forecasts Revised Up for 2023
As activity slows again at the end of the year, home price growth will slow too. This doesn’t mean prices are falling.
Buyer Traffic Is Still Stronger than the Norm
Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so.
Why You May Still Want To Sell Your House After All
If you need to sell now because something in your own life has changed, don’t let mortgage rates hold you back from what you want.
Gen Z: The Next Generation Is Making Moves in the Housing Market
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership.