Hello,
Did you know that the best time to buy a house is always now? According to Dr. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), homeownership is one of the most reliable ways to build wealth. During a recent conference with members of James Shaw’s Pivot Shift group on Tuesday, January 21, 2025, Dr. Yun highlighted some compelling insights that are worth sharing.
Over the past four years, renters have not seen any increase in their net wealth, while homeowners have experienced significant gains. In some areas of the country, home prices have risen dramatically, with increases ranging from 25% to as much as 72% in certain states since 2020.
Getting into homeownership is one of the smartest financial moves you can make. The key is to find a monthly payment that fits your budget. If interest rates are a concern, remember that refinancing is always an option down the road when rates become more favorable.
Owning a home isn’t just about having a place to call your own—it’s about creating a foundation for long-term financial growth. If you’ve been considering buying, there’s no better time to take the leap.