Did Your Family Outgrow Your Home in 2020?

Dated: January 3 2021

Views: 3

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

Danon Burnside

I am focused on providing you with the best results and service in the industry. I listen carefully to understand your real estate goals and work hard to create solutions that make sense for you. Whet....

Latest Blog Posts

Property Tour | New Construction Home | Hesperia CA

Property Tour | New Construction Home | Hesperia CA Check out this property I toured while I was in the City of Hesperia. I was out showing my client a few houses today and wanted to capture some

Read More

Property Tour | City of Adelanto | CA 92301

Quick video of a property for sale in the city of Adelanto, CA 92301. I was out showing my clients a few houses today, so I thought I'd record a short video of one of the houses they were viewing.'

Read More

Why Pre-Approval Is Key in 2021

Today's housing market is highly competitive for homebuyers, so it's critical to gain every advantage in the process that you can. Let's connect to make sure pre-approval is one of the first steps

Read More

3545 N Arrowhead Ave | San Bernardino | CA 92405

Great single story home located in the highly desirable North San Bernardino area above the 210 Freeway. Featuring 3 bedrooms and 1 bathroom with vintage charm. The home features a spacious living

Read More