Considering whether to buy a home now or wait? While the decision depends on your unique situation, it’s important to weigh the potential long-term benefits of buying now.
When you buy a home, you start building equity immediately—often faster than expected, even with moderate price growth. According to Fannie Mae’s Home Price Expectations Survey, home prices are projected to rise nationally through at least 2028. While price increases will vary by location, experts predict steady appreciation each year.
For example, buying a $450,000 home today could mean gaining over $90,000 in equity over the next five years, based on these forecasts. This growing equity is a key reason why buying now could be a smart financial move.
Mortgage rates have recently fallen, making it an ideal time to consider buying. To navigate the current market and understand how local conditions affect your decision, consulting a real estate professional can provide valuable insights.
The decision to buy now or wait is personal, but working with an expert can help you better understand the potential for growth in your investment. Reach out to a local agent to explore your options and make an informed decision.
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