By AFRO Staff
Americans are trying to sell their homes harder than ever, according to Google search results recently released by the company.
Google revealed that searches for “sell my house” increased by 147%.
In August 2022, RubyHome, a luxury real estate platform based in Southern California, found that searches to “sell my house for cash” had also skyrocketed.
The top ten states where people are looking to sell their homes are Mississippi, Connecticut, Virginia, Wyoming, Florida, Iowa, New Mexico, North Carolina, New York, and Kentucky.
A RubyHome spokesperson commented on the results:
“With the rate of inflation skyrocketing in recent years, the value of a home has increased dramatically, which means that owners and sellers are in a prime position to reap the benefits, especially with any money left over from the sale of a property can help with the rising costs of everyday items.
With Zillow’s report that the average home price in America is up 20.7% over last year, it’s clear to see why Americans are tempted to sell right now. However, with affordable housing becoming harder to find across America, it will be interesting to see if these numbers translate to actual sales and what that may mean for the housing market.
The US housing market saw a 2.8% increase last year to 5.5% mortgage rates. According to Zillow, the average home price in the United States rose 20.7% to $350,000 from the average price of $211,508 in December 2020.
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