Have You Outgrown Your Starter Home

Dated: 08/14/2018

Views: 33

Have You Outgrown Your Starter Home?

Have You Outgrown Your Starter Home? | Keeping Current Matters

For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.

It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams. The good news is that it’s ok to admit that your home no longer fits your needs!

According to CoreLogic’s latest Home Price Index, prices in the starter home market have appreciated faster than any other category over the last year, at 9.4%. At the same time, inventory in this category has dropped 14.2%.

Have You Outgrown Your Starter Home? | Keeping Current Matters

These two stats 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 starter home and are looking to move up to a larger home as the equity in your home has risen as prices have gone up. Even better is the fact that there is a large pool of buyers out there searching for your starter home to help them achieve their American Dream!

Bottom Line

If you have outgrown your starter home, give me a call and I can explain the market conditions in our area and help you find your next home!

Ashley Davis with RE/MAX American Dream | 832-868-1478

Blog author image

Ashley Davis

A Real Estate Agent That Truly Cares About You! I became a real estate agent to help you! After buying my first home, expecting to move in, I found out that my home had been broken into and all....

Want to Advertise on this Site?

Latest Blog Posts

Home Buying In Todays Market

Taking Advantage of Home buying Affordability in Today’s MarketEveryone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception.

Read More

7 Tips For A Streamlined Move

                                 

Read More

How To View The Most Stunning Fall Foliage This Year

                                 

Read More

My Journey Into Real Estate

I am so excited to share that I am a part of the RE/MAX American Dream Family. They have welcomed me with open arms, love and support and I am absolutely blessed to be a part of their team. For

Read More