Did you know that 80% of Americans think it's a bad time to buy a house right now! This is absolutely true!
So now let's take a minute to look at the chart below and see if you see the same trend I see...
This is a chart documented by FRED (Federal Reserve Economic Data) starting in 1963 through 2024. As you can see home values have ALWAYS been increasing with a few minor ups and downs during that time.
The chart of home values dates back to the first quarter of 1963 the average home value then was $17,800 the graph ends at the fourth quarter of 2024 and the value then was $419,200 over that 62 plus year span we have seen no discernable downturn in home values at all in that period.
We have seen the70s oil embargo, the Great Recession and the COVID Pandemic which was a second large recession in this time and none of them, zero, had any lasing Impression whatsoever on real estate values. So, if you hold real estate it will always go up in value which makes it the best investment you can ever make right now. Also, real estate is the only investment that you get to live in, sleep in, throw beer pong parties in, raise your kids in and share dinner with friends and create memories in and get to know the community in....
So is it a bad time to buy a home tomorrow...NO! It's going to be more expensive and you will loose out on everything I spoke about above. (If you are renting right now rental prices go up exponentially with home prices!)
Now is the perfect time to reach out to us and let us help you fine the Perfect home with our Perfect Home Finder program. So just reach out to us via phone or email and let us help you find your next home.
Karen Fleckinger 321-693-4322 karen@housemaxpro.com
P.S.
If you have a home to sell, CLICK HERE to get not one, but 4 instant valuations of your home from different resources, as well as Instant Cash Offers. No Obligation!