High demand and low inventory has driven home prices up across the US. But how much, exactly, have home values increased over the past year?
According to CoreLogic’s most recent U.S. Home Price Insights Report, home prices in the United States increased 11.3 percent from March 2020 to March 2021. That means that, if you bought a home for $300,000 in March 2020, that same home would be worth about $333,600 today. And while the next year isn’t expected to see the same kind of growth in home values, prices are expected to continue trending upwards—with prices projected to increase another 3.5 percent by March 2022.
The Takeaway:
So, what does this mean for you?
If you’re a homeowner, the chances are, your home value has increased significantly over the past year—and that price growth is expected to slow down in coming months. So, if you’ve been thinking about selling your home? Now is a great time to make a move.
If you’re a buyer on the other hand, even though prices won’t be going up as much as they have in the past year, buying now could save you from further increases in prices.
(Shh, our secret)
Show your sphere your an expert. We have over 1950 articles covering every real estate topic your audience will love.
Get our weekly email that makes communicating with your sphere on social actually enjoyable. Stay informed and entertained, for free.
“Content marketing” has been around since 1895, when John Deere published “The Furrow,” a quarterly magazine they used to help educate customers and build a
Question: Have you seen the postcards most agents send out? BOOOR-ING! I’m pretty sure they make the prospects sleep-walk on their way back inside the
Whether you’re a real estate agent looking for that perfect closing gift for your client, or just someone wanting to create something unique, you’ll want
You’ve probably been told to build an email database and send them stuff consistently, right? Some agents do. Many don’t. Have you? If you haven’t,
Agents learn early on in their career that listings are the name of the game. Unfortunately, no matter how much sense that makes, it’s still
Depending on your situation, it may not take the full 30 minutes.
This reset password link has expired. Check the latest email sent to you.
