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.
This licensee is performing acts for which a real estate and mortgage license or consumer loan license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; Washington Office Department of Financial Institutions, DFI# MB-135622; NMLS# 135622 Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of California and Washington.
As a broker, C2 Financial Corporation is NOT approved by the FHA or HUD, but C2 Financial Corporation is allowed to originate FHA loans based on their relationships with FHA approved lenders.
Corporate Website:
www.c2financialcorp.com
NMLS Website:
www.nmlsconsumeraccess.org
304 Vista Del Mar, Suite E Redondo Beach, CA 90277
Office Phone: (310) 890-6459
Michael Mardesich Broker (310) 890-6459 cell mike.mardesich@gmail.com BRE#: 01053119 NMLS#: 242591
Frank Kostrencich Senior Loan Officer
(310) 344-8910 Cell fmkost@gmail.com BRE#: 01024274 NMLS#: 238594
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