Homes Appreciating At Fastest Rate Since 2014!
When COVID hit in March, it brought the real estate market to a virtual standstill. But as the pandemic went on, more Buyers hit the market—and that demand, combined with historically low inventory, has driven the fastest home price appreciation the country has seen in years.
According to data from real estate data and analytics resource CoreLogic, in October, home prices increased an impressive 7.3 percent year-over-year. That gain was up from a 3.5 percent increase in October 2019—and the highest year-over-year gain since the spring of 2014.
The Takeaway:
So, what does that mean for you? If you are a homeowner, chances are, your property has gained significant value in 2020. So, if you have been thinking about selling, now is a great time to make a move—and fetch top dollar for your home.
