“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.
Patience Is the Key to Buying a Home This Year
Low inventory in the housing market isn’t new, but it’s becoming more challenging to navigate.
Will the Housing Market Maintain Its Momentum?
Experts have forecasted that total home sales (existing homes and new construction) will continue their momentum into next year.
4 Tips to Maximize the Sale of Your House
Despite the speed and opportunity for sellers, there are still steps you can take to prep your house so you get the greatest possible return.
Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home
To take advantage of today’s real estate market, experts are encouraging homeowners to act now before interest rates climb.
How Much Time Do You Need To Save for a Down Payment?
The national average for the time it would take to save for a 10% down payment is right around two and a half years (2.53).
93% of Americans Believe a Home Is a Better Investment Than Stocks
Housing represents the largest asset owned by most households and is a major means of wealth accumulation.