“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.
Why Pricing Your Home Right Matters This Fall
To sell your home quickly and for the best possible price, you should price your home competitively right from the start.
Home Equity Gives Sellers Options in Today’s Market
Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year.
Home Builder Confidence Hits All-Time Record
The housing market continued to exceed expectations in August, as housing demand for new homes stayed strong.
The Cost of a Home Is Far More Important than the Price
Thanks to today’s lower interest rates, even with the price increase, you would still save $61 in your monthly mortgage payments.
Is the Economic Recovery Beating All Projections?
Is the U.S. economy and labor market are recovering from the coronavirus-related downturn more quickly than previously expected?
Homes Across the Country Are Selling Fast
Buyers are actively searching for and purchasing homes at a record-breaking pace.