Have You Outgrown Your Home?

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.

Why Today’s Foreclosure Numbers Are Nothing Like 2008

Apr 27, 2023

While foreclosures are climbing, it’s clear foreclosure activity now is nothing like it was during the housing crisis.

What Are the Experts Saying About the Spring Housing Market?

Apr 25, 2023

Buyers are going to see more competition than they might expect because there are not many homes on the market.

The Power of Pre-Approval

Apr 24, 2023

Pre-approval gives you critical information about the homebuying process that’ll help you understand how much you may be able to borrow.

What’s the Difference Between a Home Inspection and an Appraisal?

Apr 20, 2023

Your trusted real estate professional will help you navigate both the inspection as well as any issues that arise during the buying process.

5 Reasons Millennials Are Buying Homes

Apr 18, 2023

The top reasons include building equity, a change in life stage, wanting stability, rising home values, and wanting to make somewhere truly their own.