“Real estate has been crowned the top long-term investment for 12 years in a row.”
With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.
According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:
But why does real estate continue to reign supreme as a top-notch long-term investment? It’s because, even today, buying a home can be your golden ticket to building wealth over time.
Unlike other investments that can feel a bit like riding a rollercoaster with all the ups and downs and ongoing risk factors, real estate follows a more predictable and positive pattern.
History shows home values usually rise. And while prices may vary by market, that means as time goes by, your house is likely to appreciate in value. And that helps you grow your net worth in a big way. As an article from Realtor.com explains:
“Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”
So, if you’re on the fence about whether to rent or buy, remember that real estate was consistently voted the best long-term investment for a reason. And if you want to get in on that action, it may make sense to go ahead and buy (if you’re ready and able).
Bottom Line
When it comes to building wealth that stands the test of time, real estate is the name of the game. If you’re ready to start on your own journey toward homeownership, let’s connect today.
To view original article, visit Keeping Current Matters.
The 3 Factors That Affect Home Affordability
When you think about affordability, the full picture includes more than just mortgage rates and prices. Wages need to be factored in too.
Want To Sell Your House? Price It Right.
In today’s more moderate market, how you price your house will make a big difference to not only your bottom line, but to how quickly your house could sell.
Pre-Approval in 2023: What You Need To Know
To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you.
Think Twice Before Waiting for 3% Mortgage Rates
It’s important to have a realistic vision for what you can expect this year; advice of expert real estate advisors is critical.
Today’s Housing Market Is Nothing Like 15 Years Ago
In the 2nd half of 2022, there was a dramatic shift in real estate causing many people to make comparisons to the 2008 housing crisis.
The Truth About Negative Home Equity Headlines
News headlines focus on short-term equity numbers and fail to convey the long-term view.