The economy is strong, our local market booming, and there are some incredible homes for sale. Still on the fence about buying? Let me share a few good reasons you should reconsider!
1. Homes are amazing investments. According to CoreLogic’s Equity Report, “U.S. homeowners with mortgages (roughly 64% of all properties) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.” Start building solid equity and grow your wealth by investing in real estate.
2. Mortgage rates are still historically low. In a recent forecast, Freddie Mac expects rates to remain low, leveling out to a yearly average of 3.8% in 2020. That’s good news for anyone eager for more purchasing power and wanting a great rate on a new mortgage.
3. A way to diversify your income. In our market, many home buyers are purchasing property as a vacation home and investment. When you buy a vacation home and choose to rent it out, it’s possible to create a new, short-term rental revenue stream. This income could supplement your salary and any other interest-bearing income you earn.
Don’t wait for the market to change and along with it, the potential for savings and financial growth. As Mark Twain once famously said, “Buy land – they’re not making it anymore!”
There are a lot of questions today about what the real estate market changes mean, and many of those questions need to be answered on a personal level. What they mean to you might be completely different than how they affect another family.
You can trust that my team has all the answers, the experience, the knowledge, and the skill set to ensure that your best interests are always handled with care. Give us a call today to learn more.
