Why Homeownership Wins in the Long Run
It's all over the news...
mortgage rates are getting higher
inflationary pressure across the country
... and there's a potential recession!!!
"Should I buy a home this year?"🤔
While it’s true this year has unique challenges for homebuyers
It’s important to think about the long-term benefits of homeownership when making your decision.
If you know people who bought a home 5, 10, or even 30 years ago
You’re probably going to have a hard time finding someone who regrets their decision.
Why is that?
✔️ Home values grow with time and that grows your own wealth.
✔️ On average, it grew by just over 56% nationwide over a five-year period.
✔️ Home prices appreciated by an average of over 290% over a roughly 30-year span
These tell us that the typical homeowner who bought a house 30 years ago
... saw their home almost TRIPLE in value over that time!🤯
And remember the talks in late 2022 that home prices would crash?
❌ It didn't happen!
And though home prices have moderated from the record peak—
Prices are already rebounding in many areas today.
That means, in most markets, your home should grow in value over the next year.
Got questions? We're here to help!
Matt Smith Real Estate Group has the tools and resources you need to get started and stay on track with every step of your home goals.