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Time to cash out?
With home price appreciation in the double digits the last two years, it is safe to assume you have equity in your home. Time to cash out?No matter the industry, anytime there’s more demand than supply, prices naturally rise. That’s exactly what’s happening in today’s real estate market. Buyers are competing with one another to purchase a home, leading to bidding wars that drive prices up. For sellers, the rising prices mean that opportunity is knocking.The national average home price appreciation rate is between 3-5% in a typical year. Locally we saw 10% in 2020 and as of this article...