Did You Outgrow Your Current Home in 2020?

Dated: December 23 2020

Views: 157

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.

#hybridrealestate #hybridpcs #thehybridexperience

Latest Blog Posts

U.S. Homeownership Rate Is Growing

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the

Read More

Why Experts Say the 2022 Housing Market Won’t Crash

Some HighlightsMany people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways.First, there isn’t an oversupply 

Read More

Surveys Say Why Are People Moving Today

Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home,

Read More

Three Reasons To Buy a Home in 2022's Shifting Market

Some HighlightsThe housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home.Housing inventory is;

Read More