If you are thinking about buying a home, now may actually be a great time to consider jumping into the market. According to real estate experts, opportunity and value in purchasing a new home remain strong with projections indicating that home price forecasts are expected to continue rising. The average of these projections indicates a 5.1% home price appreciation in 2022. That's good news for buyers because that rate indicates a deceleration (from last year's 18% increase from 2020 to 2021) in prices but not depreciation.
Simply put, buyers rest assured that your investment in your home will be an asset that increases in value over time, growing your household net worth. Don't expect home prices to drop, instead focus on homeownership goals and consider purchasing a home before prices and interest rates rise further.
Flip through the digital magazine below to explore in-depth "Things to Consider When Buying A Home | Winter 2022 Edition" and reach out if you are ready to make a move.