Some people are questioning if they should buy a home this year or if they should wait because of their perception of the current Raleigh real estate market. Homeownership does not just provide one with a roof, it is a long-term investment that has historically performed very well to create generational wealth.
It is impossible to time the purchase of any investment.
The timing of purchasing real estate is not based on the current market conditions, the purchase of real estate depends on when buying a home is right for you and your family.
Real estate is a long-term investment.
With all long-term investments, to include real estate, it is impossible to time the market. It is NOT about the perception of the national real estate market condition, it is all about the reality of the Raleigh real estate market. The current Raleigh real estate market provides a homebuyer that wants to become a homeowner with 4 very unique opportunities (i.e. 4 Pieces of Good News for Homebuyers): 1) options 2) limited buyer bidding battles 3) power 4) access to introductory mortgage rates
For more information about these 4 Piece of Good News for Homebuyers, check out episode 165 of the Martini Mortgage Podcast.
Real estate is a long-term investment that performs.
Home appreciation in the of the home’s value over time. In the previous 5-years, in North Carolina, homes increased 79.42%. Since 1991, in North Carolina, the average cumulative appreciation was 293.98%.
Consider the long-term financial benefits of homeownership not the perception of the current environment. In the long run, homeownership wins. If you are ready to explore your options, let’s connect today.