How can home prices be rising so rapidly when we have such a high unemployment rate?
The Case-Schiller Index, which tracks home values, recently reported that home values went up by a record amount in September 2020—the highest rate of appreciation for any month in the last 20 years! Much of that has to do with low interest rates, which caused buyers to flock to the market and eat up the already limited inventory. If you’re thinking about selling a property anytime within the next six months, now is a good time to meet with us to make sure that you’re maximizing your home’s value and marketing it to the right buyers.
At 1:44 in the video above, you’ll see a chart that compares unemployment levels to the weekly earnings by industry. The…
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