Is it a good time to buy a home? That's the question many prospective buyers are pondering. The decision to take the plunge into homeownership is a significant one, influenced by various factors ranging from personal finances to market trends.
If you find yourself in this position, weighing the options of whether to buy now or wait, consider the following insights that might just sway you towards the "buy now" camp.
What lies ahead for home prices? According to the Home Price Expectations Survey (HPES) conducted by Fannie Mae and Pulsenomics, the consensus among over 100 experts is clear: home prices are on an upward trajectory for the next half-decade.
Even though the rate of appreciation may taper slightly in the coming years, the cumulative effect remains substantial.
Consider this: if your home's value rises by 3.78% this year, it's poised to continue appreciating by 3.36% the following year, and so forth.
It translates to confidence in your investment. Buying a home now means acquiring an asset projected to appreciate steadily in the years to come, bolstering your financial portfolio.
Let's delve into the numbers for a clearer picture.
Take, for instance, a hypothetical home purchased for $200,000 at the beginning of the year. Based on expert projections, this investment could yield an increase in household wealth exceeding $37,000 over the subsequent five years as the property appreciates.
Of course, you could opt to delay your home purchase, but doing so might come at a cost. With prices slated to continue their ascent, waiting might mean shelling out more down the line.
With home values on an upward trajectory, purchasing now not only secures a place to call your own but also positions you to reap the benefits of a growing asset.
Ready to embark on this journey? Consider teaming up with us, your local mortgage pro, to explore your options and kickstart your quest for homeownership today. The future looks bright, and there's no better time to turn your homeownership dreams into reality.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1427790
www.nmlsconsumeraccess.org
27201 Puerta Real, Suite 300
Mission Viejo, CA 92691
Phone: (877) 276-1828
info@quantusrealty.com
Powered By LenderHomePage.com
Quantus Realty Solutions strives to ensure that its services are accessible to people with disabilities. Quantus Realty Solutions has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Quantus Realty Solutions makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows quantusrealty.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Quantus Realty Solutions accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Quantus Realty Solutions continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Quantus Realty Solutions website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Quantus Realty Solutions website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: info@quantusrealty.com
This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand Quantus Realty Solutions's Privacy Policy.