Home Report: Spike in searches for ‘sell my house’ as homeowners fear recession impacts

Report: Spike in searches for ‘sell my house’ as homeowners fear recession impacts

for sale sign
(© Andy Dean – stock.adobe.com)

Searches for “sell my house” were up 147 percent in July, according to an analysis of Google search data by RubyHome, a troubling finding showing just how much Americans are feeling jittery about talk of an upcoming recession.

Also part of the background here: the U.S. housing market sees mortgage rates doubling from this time last year (5.5 percent, up from 2.8 percent), and according to Zillow, the average house price in America is up 20.7 percent on last year at $350,000.

The data also reveals that searches for ‘sell my house for cash’ is also at an all-time high.

“With the rate of inflation skyrocketing in recent years, the value of a house has increased massively, meaning homeowners and sellers are in a prime position to reap the benefits, especially with any money left over from selling a property being able to help towards the growing costs of everyday items,” said Tony Mariotti, a spokesperson for RubyHome.

“With Zillow’s report that the average house price in America has risen 20.7 percent from last year, it is clear to see why Americans are tempted to sell at this time,” Mariotti said. “However, with affordable housing becoming increasingly challenging to come across throughout America, it will be interesting to see if these figures translate into actual sales and what this may mean for the housing market.”



Have a guest column, letter to the editor, story idea or a news tip? Email editor Chris Graham at [email protected]. Subscribe to AFP podcasts on Apple PodcastsSpotifyPandora and YouTube.

Latest News

missing person

Police: Charlottesville family concerned about 23-year-old man last seen in May

college world series

Live Coverage: UVA, UNC tied at 1-1 in the third in 2024 College World Series opener

UVA (46-15), the #12 national seed, faces North Carolina (47-14), the #4 national seed, in the opening game of the 2024 College World Series at Charles Schwab Field in Omaha.

elijah gertrude

Breaking News: UVA finally confirms Elijah Gertrude out for 2024-2025 season

It’s finally official: UVA Basketball announced Friday, in a conveniently timed news dump, with the focus of the UVA Athletics fan base on the College World Series, that Elijah Gertrude is out for the season after a scooter accident on April 30.

family concept two boys IVF twins
Health, Politics, U.S. & World News

‘How dare you?’: Senate Republicans reject legislation to protect IVF access

woman inside her home with hand fan
U.S. & World News

Beating the extreme heat: Funds available for AC for families in public housing

richard sanders and weapons seized

Charlottesville: Man arrested with machine gun in Tonsler Park

road work

Traffic alert: Travel lane shifts in Harrisonburg on westbound Route 33 begin June 18