Mortgage
With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below):
If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.
Purchasing real estate has typically been a solid long-term strategy for building wealth in America. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes:
“. . . homeownership is a catalyst for building wealth for people from all walks of life. A monthly mortgage payment is often considered a forced savings account that helps homeowners build a net worth about 40 times higher than that of a renter.”
That’s because owning a home grows your net worth over time as your home appreciates in value and as you pay down your mortgage. And, since building that wealth takes time, it may make sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments going toward your home equity.
Buying a home is a powerful decision. So, it’s no wonder so many people view real estate as the best long-term investment. If you’re ready to start on your own journey toward homeownership, let’s connect today.
Stay up to date on the latest real estate trends.
Mortgage
Mortgage rates will come down slightly. More homes will sell. And prices will rise more moderately.
Mortgage
If you're in the market for a million-dollar home, now is an excellent time to explore the thriving luxury market.
Mortgage
What does this mean for the housing market, and more importantly, for you as a potential homebuyer or seller?
Mortgage
While financial aspects are important, sometimes the personal motivations for moving are reason enough
Mortgage
Here’s some information that could help you make your decision.
Mortgage
The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.
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6 beds | 4 baths | 2,232 sq ft
Mortgage
For now, this is still seller’s market territory – it’s just not as frenzied of a seller’s market as it’s been over the past few years.
Mortgage
Mortgage Rates Are Projected To Come Down Slightly
You’ve got questions and we can’t wait to answer them.