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Second Home | Keeping Current with Real Estate Blog

Monday, June 7, 2021   /   by Scott Parks

Why You May Want To Cash in on Your Second Home

Why You May Want To Cash in on Your Second Home


When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.

Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:


FHFA Agency House Price Index shows a 13.9% increase



CoreLogic Home Price Insights Report shows an 11.3% increase



S&P Case-Shiller U.S. National Home Price Index shows a 13.2% increase


Prices increased ...

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