{"id":157,"date":"2024-09-26T16:49:06","date_gmt":"2024-09-26T21:49:06","guid":{"rendered":"https:\/\/twilabertrand.sites.c21.homes\/?p=157"},"modified":"2024-09-26T16:49:06","modified_gmt":"2024-09-26T21:49:06","slug":"why-buying-now-may-be-worth-it-in-the-long-run","status":"publish","type":"post","link":"https:\/\/twilabertrand.sites.c21.homes\/?p=157","title":{"rendered":"Why Buying Now May Be Worth It in the Long Run"},"content":{"rendered":"

Why Buying Now May Be Worth It in the Long Run<\/a><\/h2>\n
For Buyers,\u00a0<\/a><\/span>Home Prices,\u00a0<\/a><\/span>First-Time Buyers,\u00a0<\/a><\/span>Buying Tips,\u00a0<\/a><\/span>Equity<\/a><\/span><\/div>\n
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Article from Keeping Current Matters<\/div>\n
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Should you buy a home now or should you wait? That\u2019s a question a lot of people have these days. And while what\u2019s right for you is going to depend on a lot of different factors, here\u2019s something you\u2019ll\u00a0want to consider<\/a> as you make your decision.\u00a0 Continue reading the information below to help bring clarity to Why Buying Now May Be Worth It in the Long Run.<\/p>\n

As soon as you buy, you\u2019ll start gaining equity. And you\u2019d be surprised how quickly that can add up \u2013 even with more moderate\u00a0home price appreciation<\/a>.<\/p>\n

Each quarter,\u00a0Fannie Mae<\/em>\u00a0releases the\u00a0Home Price Expectations Survey<\/em><\/a>. 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. In the latest release, experts project prices will continue to rise nationally through at least 2028 (see the graph below<\/em>):<\/p>\n

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\"No<\/a>While home prices are going to vary from one local area to the next, this shows they\u2019re expected to keep going up nationally. The size of the increase varies from year-to-year, but the important takeaway is that prices are forecast to rise every single year \u2013 just at a moderate pace.<\/p>\n

And while rising home prices may not sound great right now, once you own a home, that growth will be a big bonus for you. Here\u2019s a look at what you stand to gain equity-wise once you buy. The graph below uses a typical home\u2019s value and those HPES projections to show how much equity is at stake:<\/p>\n

\"No<\/a>If you bought a $450,000 home at the beginning of this year, based on that starting value and the expert forecasts from the HPES, you could gain more than $90,000 in household wealth over the next five years. That\u2019s significant.<\/p>\n

So, if you\u2019re ready and able to buy, and growing your wealth is important to you, you\u2019ve got an opportunity in front of you. And now that\u00a0mortgage rates<\/a>\u00a0have fallen, it may be time to consider making a move.<\/p>\n

To talk more about your options and what makes sense, lean on a pro. They\u2019ll be able to tell you what home prices are doing in your area and what that means for your move (and your future equity).\u00a0The<\/em>\u00a0Mortgage Reports<\/em>\u00a0says:<\/p>\n

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\u201cGiven the intricacies of the current market, it\u2019s more important than ever to stay informed and up to date about housing market conditions.\u00a0<\/em>Whether you\u2019re looking to buy or sell in the remaining months of 2024, having a professional guide you through the process can make all the difference<\/em><\/strong>.\u201d\u00a0<\/em><\/p><\/blockquote>\n<\/div>\n

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Bottom Line<\/h3>\n

The decision to buy now or wait is a very personal one, but it\u2019s valuable to have an\u00a0expert\u2019s perspective<\/a>. They won’t push you, but they will\u00a0explain things<\/a>\u00a0you may not have considered, like the equity that\u2019s at stake.<\/p>\n

If you want help weighing your options and thinking through how the\u00a0current market<\/a> factors in, let\u2019s connect.\u00a0 My direct contact information is below.<\/p>\n

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Twila Bertrand, Realtor<\/strong><\/p>\n

CENTURY 21 Cota Realty<\/strong><\/p>\n

1306 N Medford Drive<\/strong><\/p>\n

Lufkin, Tx 75901<\/strong><\/p>\n

Cell #512-297-1000<\/strong><\/p>\n

Email: twilabertrand@gmail.com<\/strong><\/p>\n

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https:\/\/www.zillow.com\/profile\/Twila%20Bertrand<\/a><\/p>\n<\/div>\n

Helping Buyers and Sellers with Real Estate in Lufkin, Huntington, Nacogdoches, and all over East Texas since 2012!<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Why Buying Now May Be Worth It in the Long Run Wednesday September 25th, 2024\u00a0For Buyers,\u00a0Home Prices,\u00a0First-Time Buyers,\u00a0Buying Tips,\u00a0Equity Article from Keeping Current Matters Should you buy a home now or should you wait? That\u2019s a question a lot of people have these days. And while what\u2019s right for you is going to depend on […]<\/p>\n","protected":false},"author":194391,"featured_media":158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[32,51,28,31,57,50,55,42,48,39],"class_list":["post-157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-building-equity","tag-buyers-mistakes","tag-buying-a-home","tag-buying-facts","tag-buying-power","tag-buying-smart","tag-expert-advice","tag-invest-wisely","tag-own-sooner-vs-later","tag-real-estate-trends"],"_links":{"self":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/users\/194391"}],"replies":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=157"}],"version-history":[{"count":1,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/157\/revisions"}],"predecessor-version":[{"id":159,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/157\/revisions\/159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/media\/158"}],"wp:attachment":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}