“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.
Two Important Impacts of Home Equity
According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year which can make moving up a real possibility.
Home Values Projected to Keep Rising
Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. Buyer demand is high, inventory is low driving home prices higher.
Why Today’s Options Will Save Homeowners from Foreclosure
Homeowners now have a large amount of equity in their homes and may decide to sell rather than wait for the bank to foreclose.
Real Estate Continues to Show Unprecedented Strength This Year
Home sales continue to amaze industry experts, and there are plenty of buyers in the pipeline ready to enter the market.
How to Prepare for a Bidding War
From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you find the perfect home.
Do You Need to Know More about Forbearance and Mortgage Relief Options?
Know your options! Call your mortgage provider.