Housing prices are rising quickly as demand reaches all-time record, especially for houses above 1.25 million. If you were thinking of selling, now is the time!
“…Like a lot of other vacation destinations — the Hamptons, Cape Cod, Aspen and so on — the Truckee housing market is booming during the coronavirus pandemic. It’s up over 23% since last year, according to data from Redfin, a real estate brokerage. Truckee is part of a trend that realtors and journalists are calling “Zoom towns,” places that are booming as remote work takes off.
But Zoom towns aren’t the only places where home prices are booming. Pretty much everywhere except Manhattan and San Francisco — places where home prices had already reached historic peaks — it’s a great time if you want to sell your house. “Right now, national home prices are up 8% from this time last year, so quite a big increase,” says Daryl Fairweather…” – NPR
