fbpx
Jacob Finney
Search Listings
Blog

82,338 Great Reasons to Buy a Home Now

Jul 29th, 2021 | jfinney@talktotucker.com

The benefits of being a homeowner vs. renting are many:

  • Building equity (ownership) in a desirable asset
  • The ability to do what you want in your home (you can paint a room purple if you’d like! Please note that if you want to sell soon, I’m going to request it go back to a neutral color! LOL)
  • Tax benefits – homeowners are allowed to deduct mortgage interest as well as property taxes when filing
  • Mortgage payments stay the same and rent rises – as long as you have a fixed-rate mortgage, your payment will stay relatively the same every year (this does get adjusted somewhat if you escrow for taxes)

Now you’re asking…what’s with the “82,338 Great Reasons to Buy a Home Now” tagline? Where’s that info? Here you go!

The most recent Home Price Expectation Survey from over 100 economists, Realtors, investment and market strategists, expect home values to appreciate as follows:

  • 2021 – 6%
  • 2022 – 4.5%
  • 2023 – 4%
  • 2024 – 3.6%
  • 2025 – 3.5%

If we take a look at their annual projections with regard to a home that is purchased at $350,000 – that same home would cost $432,338 in January of 2026! A $82,338 projected appreciation in 5 years!

As I’m sure you noted, the appreciation is expected to slow from this crazy frenzy we are currently experiencing. However, these projected appreciation values are more typical of what we’d see in a “regular” market. Every indication is the housing market will continue to remain strong and buying a home is still a great investment in your time and money for many years to come!

Interested in Learning More?
Posts you might like

Last week Fannie Mae released survey data regarding market sentiment: Survey showed 77% of the respondents feel that it is a “good time to sell” But the survey also confirmed what we have been feeling – an increasing number of buyers feel it is a “bad time to buy” a home at 64%…this is up from 56% … more »

Nearly two-thirds, or 64%, of millennials (ages 25 to 40) say they have at least one regret about purchasing their current home, according to a new poll of more than 1,400 U.S. homeowners from Bankrate. Only about 45% of Gen X (ages 41 to 56) and 33% of baby boomers (ages 57 to 75) reported … more »