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You've probably seen the headlines about skyrocketing home
prices lately. It's Owen and John here, and we wanted to take a moment to
break down what this means for your home.
In the past five years, home prices have surged way beyond
the typical 2-5% annual increase. In 2021-2022 alone, we saw double-digit
spikes, with prices nationally peaking at over 20%. The demand far
outweighed the available homes, which sent prices soaring. Although
things have stabilized since then, the residual effect is significant for
sellers like you.
Your home has likely gained substantial value in a
remarkably short time, translating to increased wealth for you.
Nationally, according to data from the Federal Housing Finance Agency
(FHFA), prices have surged nearly 60% over the past five years alone.
If you've been considering selling but hesitated due to
market uncertainty, now's the time to reconsider. The appreciation of
your home's value could bridge the affordability gap, making it easier to
move into your next dream home.
Moreover, if you've owned your home for longer, the
cumulative effect of these abnormal gains on top of standard appreciation
adds even more to its current value. We as experienced agents can
provide insights tailored to our market dynamics, such as low
inventory driving prices higher or recent renovations further enhancing
your home's value.
To accurately determine your home's current market value,
reach out. We possess the expertise and up-to-date data to give you
a precise estimate based on your specific circumstances.
John
J. Hayes Realty ONE
Group Complete Direct:
1-530-306-3316 Service
Since 2005 DRE
#01709600 JohnHayesRealEstate
What is my house Value
Owen E. Taylor Realty ONE Group Complete Realtor Mobile: (916) 661-1780 DRE #02020921 HayesTaylorRealEstate.com
Unlock your home value here
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