The Benefit of Buying a Home Now
You may be asking yourself: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision.
The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. Their survey forecasts home prices will continue appreciating over the next five years (see graph below):
As the graph shows, the rate of appreciation will moderate over the next few years as the market shifts away from the feverish pace it saw during the pandemic. After this year, experts project home price appreciation will continue, but at levels that are more typical for the market.
What Does That Mean for You? Ongoing appreciation should give you peace of mind that your investment in homeownership is worthwhile because you’re buying an asset that’s projected to grow in value in the years ahead.
To give you an idea of how this could impact your net worth, here’s how a typical home could grow in value over the next five years using the expert price appreciation projections from the Pulsenomics survey (see graph below):
Even at a more typical pace of appreciation, you still stand to gain significant equity. That’s what’s at stake if you delay your plans.
Bottom Line Buying today can set you up for long-term success because your asset’s value (and your own net worth) is projected to grow with ongoing home price appreciation. Let’s connect to begin your homebuying journey today.