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What Should You Do As Home Prices Skyrocket?
I’m sure you’ve seen the news, but just in case – housing prices are skyrocketing…
According to one survey the median price of existing homes sold in March was $329,100. This is a 17.2% increase from March 2020.
This is the largest one-year increase on record. Yes, even higher than when the housing bubble was building in 2005 and 2006.
And according to another – the S&P CoreLogic Case-Shiller home price index – all housing prices – including existing and new built homes – rose 12% from February 2020 to February 2021.
This is the largest single year increase since 2006 when the housing market was catching on fire during that housing bubble.