Why Buying Now May Be Worth It in the Long Run

Deciding whether to buy a home now or wait is a common dilemma. However, one key factor to consider is the potential to build equity as soon as you purchase a home. Even with moderate price increases, your equity can grow significantly over time.

According to the latest Fannie Mae Home Price Expectations Survey, home prices are expected to continue rising through 2028, meaning that buying now could lead to substantial equity gains. For instance, purchasing a $450,000 home today could result in over $90,000 in equity in the next five years. (see the graph below)

While rising prices may seem daunting, they also represent an opportunity to build wealth. If you’re ready to buy and growing your wealth is important to you, now might be the right time to make a move.

The Importance of Expert Guidance

Navigating today’s housing market can be complex, so it’s essential to consult with a real estate professional who can provide insight into local market conditions and help you make an informed decision. As The Mortgage Reports highlights, staying informed and working with a professional is crucial in the current market.

Bottom Line

Deciding whether to buy now or wait is a personal decision, but it’s important to consider the potential equity you could gain by purchasing sooner rather than later. If you’re weighing your options, connect with a local real estate agent who can guide you through the process and help you make the best decision for your financial future.