Did you Outgrow your home in 2020?

by kevinjones on December 23, 2020

in How Much Is My Home Worth?

Did you Outgrow your home in 2020?  Realty Professionals  805-473-0300

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.20201223 NM Eng 1 Did you Outgrow your home in 2020?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.

20201223 KCM Share 1 300x164 Did you Outgrow your home in 2020?

Realty Professionals 805-473-0300

 

 

 

 

 

 

 

Bottom Line

If you think you’ve outgrown your current home, reach out to Kevin Jones at Realty Professionals 805-473-0300 to discuss local market conditions and determine if now is the best time for you to sell.  The most interesting thing is interest rates as low as they are now we might be able to get you that extra space or amenity that you need for a similar payment, call today for more information!

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Realty Professionals 805-473-0300

Kevin Jones, Broker lic#01128892 Realty Professionals, lic#01892221 805-473-0300

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Post by Kevin Jones

Realty Professionals 805-473-0300 791 Price Street Suite 191 Pismo Beach Ca 93449

Kevin has written 466 articles.



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