Did You Outgrow Your Home in 2020?

outgrow 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.

Many needs have changed in 2020, and it’s okay to admit if
your house no longer fits your lifestyle. If you’re now working remotely,
facilitating virtual school, trying to exercise at home, or simply just
spending more time in your own four walls, you may be bursting at the seams in
your current house.

According to the latest Home Price Insights from CoreLogic,
prices have appreciated 7.3% year-over-year. At the same time, the National
Association of Realtors (NAR) reports that inventory has dropped 22% from one
year ago.

Housing inventory

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 you’re 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 current home, let’s
connect to discuss local market conditions and determine if now is the best
time for you to sell.

 

 

 

Source: Real Estate with Keeping Current Matters

 

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