Don't Wait to Invest!

If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision. 

Why do Americans still feel so positive about the value of investing in a home? Purchasing real estate has typically been a solid long-term strategy for building wealth.

As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR) notes:

“…homeownership is a catalyst for building wealth for people from all walks of life. A monthly mortgage payment is often considered a forced savings account that helps homeowners build a net worth about 40 times higher than that of a renter.”

That’s because owning a home grows your net worth over time as your home appreciates in value and you pay down your mortgage. And, since building that wealth takes time, it may make sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments going toward your home equity.

Bottom Line - it’s no wonder so many people view real estate as one of the best long-term investments. So whether you are looking to buy your first home or are considering expanding your investment portfolio, our team is here to help!