By AFRO staff
Americans are trying to sell their homes more than ever, according to Google search results released recently by the company.
Google revealed that searches for “sell my house” have increased by 147 percent.
In August 2022, RubyHome, a luxury real estate platform located in Southern California, found that searches for “sell my house for cash” also skyrocketed.
The top ten states with Internet users 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 findings:
“With the rate of inflation skyrocketing in recent years, home values have increased tremendously, which means homeowners and sellers are in prime position to reap the benefits, especially with money left over from the sale of homes. a property that can help the rising costs of everyday items.
With Zillow reporting that the median home price in the United States is up 20.7 percent from last year, it’s clear why Americans are tempted to sell right now. However, with affordable housing becoming increasingly difficult to find across the United States, it will be interesting to see if these numbers translate to actual sales and what this may mean for the housing market.”
The US housing market has seen mortgage rates rise from 2.8 percent last year to 5.5 percent. According to Zillow, the median home price in the United States increased 20.7 percent to $350,000 compared to the median price of $211,508 in December 2020.
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