Home prices are going up according to home sellers.
California Association of Realtors recently shared their One Cool Thing reporting the increase in home prices and the benefits it has on home sellers.
The report took sellers opinions on home prices for 2012 and 2013. The following reflects the survey taken in 2014:
- Only 9% of home sellers thought home prices would rise in one year.
- Only 12% of home sellers thought home prices would rise in five years.
- Only 20% of home sellers thought home prices would rise in 10 years.
The following reflects the survey taken in 2013:
43% of home sellers think home prices will rise in just one year.- 58% of home sellers think home prices will rise in the next five years.
- 74% of home sellers think home prices will rise in 10 years.
The reasons for selling were much more positive in 2013! The number one reason for selling in 2012 were due to financial difficulties. The number one reasons for selling in 2013 was because the time and price were right for moving up!
Home sellers are feeling excited about home prices and they anticipate they will get more for their homes in the next few years. Visit the California Association of Realtors “One Cool Thing“.
