Did You Outgrow Your Home in 2020?

Dated: December 23 2020

Views: 76

Did You Outgrow Your Home in 2020?

Did You Outgrow Your Home in 2020? | MyKCM

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.Did You Outgrow Your Home in 2020? | MyKCMThese 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.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Jeffrey Daniels does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Jeffrey Daniels will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Latest Blog Posts

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a

Read More

Is It Time To Move on to a New Home?

Is It Time To Move on to a New Home?If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying

Read More

Is the Number of Homes for Sale Finally Growing?

Is the Number of Homes for Sale Finally Growing?An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing

Read More

The Truth About Today’s Buyer Demand

The Truth About Today’s Buyer DemandWhen it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know

Read More