“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.
Is it Safe to Sell My House Right Now?
Real estate professionals have spent the majority of 2020 figuring out how to sell homes safely, and it’s paying off for those who are choosing to move this year.
Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis
Many homeowners have enough equity in their homes today to be able to sell their houses instead of foreclosing.
Real Estate Is a Driving Force in the Economy
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn.
Rent vs. Buy: How to Decide What’s Best for You
With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership.
4 Reasons Why the Election Won’t Dampen the Housing Market
Recent trends suggest that the housing market will continue its strong momentum in the months to come.
Buyer Interest Is Growing among Younger Generations
he demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes.