October Newsletter

Why buying now may be worth it in the log run

Should you buy a home now or wait? An article from Keeping Current Matter stated that, it is a question many are asking these days. The best choice depends on various factors unique to your situation, but here’s something to think about. Once you buy a home, you can possibly start building equity sooner than you realize. Home prices can differ significantly from one area to another, but nationally, they are expected to continue rising. While the rate of increase may fluctuate each year, the key point is that prices are projected to rise steadily over time at a moderate pace. Although rising home prices might not seem ideal right now, once you own a home, that appreciation becomes a valuable asset. Each Quarter, Fannie Mae releases the Home Price Expectations Survey. It asks over one hundred economists, real estate experts, and investment and market strategists what they forecast for home prices over the next five years. The graphs illustrate examples of potential equity growth and estimated home price performance, highlighting equity accumulation and an overall projection of increased home prices by percentage year-to-year. With mortgage rates having decreased, it might be an opportune time to consider making a move. a move. you need help weighing your options and thinking through how the current market factors in, please connect with me and we can create a plan that works for you.

Quote of Month-

How do we change the world? One act of random kindness at a time.

- Morgan Freeman