Home appreciation has increased monthly like never before. Homes nationwide equity has almost doubled. As you can see the graph how homes prices has aggressively increased each moth over the last year.
As prices continue ti rise, so does the value of your home. There is no reason to believe that homes will stop appreciating. Home values going up is only a problem when you are trying to buy. "WHEN YOU OWN, IT'S A GIFT and consider this is to help you when you sell. The housing shortage has pushed prices insanely and almost too good to be true. The issue is that the inventory remains low so this sparks bidding wars and much competition over purchasing homes.
New construction cannot keep up with demand. Meanwhile there are investors cashing in before the market levels out and takes a swing downward as interest rates are on the rise to the unknown. This is called (FOMO) FEAR OF MISSING OUT. This also goes for investor making purchases.
Many think that the rapid interest rate increase will make the market crash. Not so, this slows down the buying spree since interest rates remained very low for two years.
Housing supply remain's low and demand is high which drive prices even higher. Florida and Texas housing market remains very strong as many out of towner's relocate from high cost of living area's. If you are considering capitalizing on the sale of your home and purchasing you need a sharp agent with exceptional negotiation skillset that knows how to negotiate your sale and purchase simultaneous. I find from experience that there are sellers that refuse to sell to investors.
Upon selling your home you can take that equity and purchase that home of your dream and could still bring your monthly payment to what you are currently paying in the home you are in now. Also the appreciation could also cover some or all of your downpayment. Now if any is the time to sell your home with the market currently stands. Trust your local home advisor Kevin Strawter at 850 496-6412 or email firstname.lastname@example.org to steer you in the right direction.