02/27/2025
Case Shiller 5-year appreciation numbers came out and home values have increased 53% over the past five years. 2024 is part of that and they rose 4% which is slower than normal. That is good for housing to slow down. But waiting to buy is costing you so much in Net Worth, that I can't imagine anyone not wanting to get into a starter home.
If you purchased a $500,000 home a year ago, on average it would be worth $520,000 today. Not to mention the $5,000 or so principal paid down. So $25,000 net worth bump in one year! Dang!
The path to wealth is home ownership and steady investing. Reach out if you want to start looking or just need help with anything on Lending or real estate.