Have You Outgrown Your Starter Home?

Have You Outgrown Your Starter Home?

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%.

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, contact a local real estate professional who can explain the market conditions in your area and help you find your next home!

 3414 Orinda Cir Sacramento, CA 95822 3BD | 2BA | 1,236 SQFT

7549 Collingwood St Sacramento, CA 95822 3BD | 2BA | 1,236 SQFT

315 Sawtell Rd Roseville, CA 95678 3BD | 3BA | 1,421 SQFT

12261 Canyonlands Dr Rancho Cordova, CA 95742 4BD | 3BA | 2,954 SQFT

9408 Mira Del Rio Dr Sacramento, CA 95827 4BD | 2BA | 1,456 SQFT

2788 Cactus Ct Cameron Park, CA 95682 2BD | 3BA | 1,498 SQFT

4820 Millner Way Elk Grove, CA 95757 5BD | 3BA | 2,206 SQFT

8671 Shasta Lily Drive Elk Grove, CA 95624 4BD | 2BA | 2,076 SQFT

 7519 Maple Tree Way Sacramento, CA 95831 2BD | 2BA | 1,307 SQFT 

35 Oak Ave

Woodland, CA  956952BD | 2BA | 1,272 SQFT

3474 Orinda CircleCameron Park, CA 956825BD | 4BA | 3,061 SQFT