Why You May Want To Cash in on Your Second Home Zelman & Associates reports that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen: >>FHFA Agency House Price Index shows a 13.9% increase >>CoreLogic Home Price Insights Report shows an 11.3% increase >>S&P Case-Shiller U.S. National Home Price Index shows a 13.2% increase Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020. That large second-home retreat on a lake or in the mountains... #Bgroup #Prescott #Realtor #Homes #Smart

Why You May Want To Cash in on Your Second Home Zelman & Associates reports that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen: >>FHFA Agency House Price Index shows a 13.9% increase >>CoreLogic Home Price Insights Report shows an 11.3% increase >>S&P Case-Shiller U.S. National Home Price Index shows a 13.2% increase Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020. That large second-home retreat on a lake or in the mountains... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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