Why Buying a Home Is a Sound Decision
- nikkicloud5
- Mar 31, 2023
- 2 min read
If you’re thinking about buying a home, you want to know the decision will be a good one.
And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the long-term view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow.
The big takeaway is experts aren’t forecasting a drastic fall in home prices nationally, even though some markets will see home price appreciation while others may depreciate. And when they look further out, they see steady price appreciation in the long run. That’s a great example of why homeownership wins over time. Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth. Here’s how a typical home’s value could change over the next few years using the expert price appreciation projections.
So, if you’re wondering if buying a home is a sound decision, keep in mind what a strong wealth-building tool it is long term. While we may see slight depreciation this year, home prices are expected to grow over the next five years.
If you’re ready to become a homeowner, know that buying today can set you up for long-term success as home values (and your own net worth) are projected to grow. Connect with Nikki Cloud to begin the home buying process today.
Contact Information: (682) 559-2210 | Nikkicloud@kw.com
Nikki Cloud & The Key Team
https://www.key2yourdreamhome.com
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