With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that real estate still holds the title of best long-term investment and that owning a home is still a powerfully positive decision.

According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beaten out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:

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But why does real estate continue to reign supreme as a top-notch long-term investment? It’s because, even today, buying a home can be your golden ticket to building wealth over time.

Unlike other investments, such as the stock market, that often feel like you’re riding a rollercoaster with all the ups and downs and ongoing risk factors, real estate continues to follow a more predictable and positive pattern.

History shows home values usually rise. And while prices may vary by market, that means as time goes by, your home’s value is likely to appreciate over time. And that helps you grow your net worth in a big way. As an article from Realtor.com explains:

Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”

So, if you’re on the fence about whether you should rent or buy, remember that real estate was consistently voted the best long-term investment for a reason. And if you want to get in on that action, it may make sense to go ahead and buy (if you’re ready and able) now.

Bottom Line

It continues to be true that when it comes to building wealth that stands the test of time, real estate still holds the title of best long-term investment. If you’re ready to start on your own journey toward homeownership, let’s connect today.

At Bay Shores Real Estate we can help you find the home of your dreams. But we strive to do much more than that. Bay Shores is a partnership of professionals, each dedicated to helping people find the life they love. One with more free time, less financial stress, more beauty, and less worry. Our firm brings all of the key real estate-related services discerning clients need, together under one roof. Whether it’s for your primary home, your vacation property, or your B&B rental, our team of professionals is here for you. That’s what we’re all about.