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 decisive decision.
According to the experts at Gallup, real estate has been crowned the top long-term investment for 12 years. It has consistently beaten other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:
But why does real estate 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, which can feel like riding a rollercoaster with all the ups and downs and ongoing risk factors, real estate follows a more predictable and cheerful 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. 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 lasting wealth, real estate is the way to go. If you’re ready to start your homeownership journey, let’s connect today.
