Did You Outgrow Your Home in 2020? Now is the time for a New Beginning!

Dated: December 23 2020

Views: 26

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.

Blog author image

Josie Andrade

Josie Andrade understands the true measurement for success is not only the end result, but one’s willingness ....

Latest Blog Posts

Five Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]Some HighlightsThere are a few key things to make sure you avoid after applying for a mortgage to help make sure you still

Read More

Four Reasons To Buy a Home in 2021

4 Reasons People Are Buying Homes in 2021According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the

Read More

Expert Views on the 2021 Housing Market

Four Expert Views on the 2021 Housing MarketThe housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real

Read More

Four Steps to Turning a House into a Happy Home

Turning a House into a Happy HomeWe talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership.No

Read More