REAL ESTATE IS STILL THE TOP DOG!
Did you know buying a home can be the best investment you may ever make?
According to a recent Gallup poll, Real estate has been voted the best long-term investment for 11 years in a row, beating out gold, stocks, bonds, and more. That is great news, but why does Real Estate earn the top spot? Owning real estate means more than just having a home, it is a long-term investment for your future and helps your net worth grow. Owning a home is typically a stable and secure asset that tends to increase in value over time and builds wealth regardless of your income level. As a homeowner, you will build equity in your home over the years.
According to Freddie Mac and I quote “Homeownership not only builds a sense of pride and accomplishment, but it’s also an important step toward achieving long-term financial stability.” Today most homeowners have nearly $300,000 dollars of equity built up in their homes.
If you’re contemplating and just not sure what to do or need some support and guidance, please reach out so we can guide you with your decision as there are several great options, that you may want to consider.
Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2023 real estate forecast, don't hesitate to reach out - we're happy to help!