Mortgage
With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.
According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:
But why does real estate continue to reign supreme as a top-notch long-term investment? It’s because, even today, buying a home can be your golden ticket to building wealth over time.
Unlike other investments that can feel a bit like riding a rollercoaster with all the ups and downs and ongoing risk factors, real estate follows a more predictable and positive pattern.
History shows home values usually rise. And while prices may vary by market, that means as time goes by, your house is likely to appreciate in value. And that helps you grow your net worth in a big way. As an article from Realtor.com explains:
“Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”
So, if you’re on the fence about whether to rent or buy, remember that real estate was consistently voted the best long-term investment for a reason. And if you want to get in on that action, it may make sense to go ahead and buy (if you’re ready and able).
When it comes to building wealth that stands the test of time, real estate is the name of the game. 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.
In 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.
Here’s some information on a few of the expenses you’ll want to be ready for.
The housing market is not set up for a crash right now.
With serious buyers eager to purchase, this is a great time to sell your house.
Your equity, paired with lower mortgage rates, puts you in a great position to make that move today.
Affordability is based on three key factors: mortgage rates, home prices, and wages.
3 beds | 2 baths | 1,555 sq ft
The decrease in median price is not the same as a decrease in home values.
Selling a home quickly in a shifting market requires a strategic approach and an in-depth understanding of what buyers want.
You’ve got questions and we can’t wait to answer them.