Should you buy a house now? (What You Need to Know)

Here's the short answer:  YES! 

But why? 

Over a hundred of economists, real estate experts, investment and market strategists are asked by Pulsenomics every quarter for an accurate and unbiased forecast of the real estate market. They call this the Home Price Appreciation Survey. 

These experts have made a 5-year forecast on the home price appreciation for the next five years. Though there may be varying numbers, they all agree that home prices will continue to rise. However, the appreciation rates will not be as drastic as what we have experienced the past months. 

Chief Economist of National Association of Realtors, Lawrence Yun, has stated that the fast-paced home appreciation season we've witnessed many months ago is over. He even stated that instead of 15-20 buyers looking at the same home, we can expect at least 5 buyers to look and make an offer after seeing a listing.

As a current buyer who's also going to be a future seller in a few years, that's great news for you. Home price appreciation is slowing down but will continue so that in 5 years or so when you decide to sell your home, you are assured that the value of your home was appreciated during the years of your stay there. 

If we look at the numbers, you can have a potential wealth of $102, 787 if you start investing on a home now and sell in a few years' time. This number can still vary based on the location of your home,  and the starting price of the home that you're going to buy. Despite that, you can be confident in the growth of your wealth by investing in a home now. 

If you have the money now and can invest in a home, it's best to do it today!

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