{"id":5750,"date":"2024-03-20T05:30:00","date_gmt":"2024-03-20T10:30:00","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/"},"modified":"2024-03-20T05:30:00","modified_gmt":"2024-03-20T10:30:00","slug":"does-it-make-sense-to-buy-a-home-right-now","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/","title":{"rendered":"Does It Make Sense To Buy a Home Right Now?"},"content":{"rendered":"

\"Does<\/p>\n

Thinking about buying a home<\/a>? If so, you’re probably wondering: should I buy now or wait?<\/em> Nobody can make that decision for you, but here’s some information that can help you decide.<\/p>\n

What\u2019s Next for Home Prices?<\/strong><\/h4>\n

Each quarter, Fannie Mae and<\/em> Pulsenomics<\/em> publish the results of the Home Price Expectations Survey<\/em> (HPES). It asks more than 100 experts\u2014economists, real estate professionals, and investment and market strategists\u2014what they think will happen with home prices<\/a>.<\/p>\n

In the latest survey<\/a>, those experts say home prices are going to keep going up for the next five years (see graph below<\/em>):<\/p>\n

 \"a<\/a><\/p>\n

<\/p>\n

Here\u2019s what all the green on this chart should tell you. They\u2019re not expecting any price declines. Instead, they\u2019re saying we\u2019ll see a 3-4% rise each year<\/strong>.<\/p>\n

And even though home prices aren\u2019t expected to climb by as much in 2025 as they are 2024, keep in mind these increases can really add up over time. It works like this. If these experts are right and your home’s value goes up by 3.78% this year, it’s set to grow another 3.36% next year. And another 3.87% the year after that.<\/p>\n

What Does This Mean for You?<\/strong><\/h4>\n

Knowing that prices are forecasted to keep going up should make you feel good about buying a home<\/a>. That\u2019s because it means your home is an asset that\u2019s projected to grow in value in the years ahead.<\/p>\n

If you\u2019re not convinced yet, maybe these numbers will get your attention. They show how a typical home\u2019s value could change over the next few years using expert projections from the HPES<\/a>. Check out the graph below:<\/p>\n

 \"a<\/a><\/p>\n

<\/p>\n

In this example, imagine you bought a home for $400,000 at the start of this year. Based on these projections, you could end up gaining over $83,000 in household wealth over the next five years as your home grows in value.<\/p>\n

Of course, you could also wait \u2013 but if you do, buying a home is just going to end up costing you more. <\/p>\n

Bottom Line<\/h3>\n

If you’re thinking it’s time to get your own place, and you\u2019re ready and able to do so, buying now might make sense. Your home is expected to keep getting more valuable as prices<\/a> go up. Teaming up with a local real estate agent<\/a> is a good first step to start looking for your next home today.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

Thinking about buying a home? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information that can help you decide. What\u2019s Next for Home Prices? Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks […]<\/p>\n","protected":false},"author":1,"featured_media":5751,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-5750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nDoes It Make Sense To Buy a Home Right Now?—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does It Make Sense To Buy a Home Right Now?—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Thinking about buying a home? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information that can help you decide. What\u2019s Next for Home Prices? Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/\" \/>\n<meta property=\"og:site_name\" content=\"NWI Loan Guy Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-20T10:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240319\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png\" \/>\n<meta name=\"author\" content=\"Scott\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/\"},\"author\":{\"name\":\"Scott\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\"},\"headline\":\"Does It Make Sense To Buy a Home Right Now?\",\"datePublished\":\"2024-03-20T10:30:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/\"},\"wordCount\":416,\"image\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1\",\"keywords\":[\"100% financing\"],\"articleSection\":[\"Local Info\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/\",\"url\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/\",\"name\":\"Does It Make Sense To Buy a Home Right Now?—NWI Loan Guy Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1\",\"datePublished\":\"2024-03-20T10:30:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1\",\"width\":750,\"height\":410},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/does-it-make-sense-to-buy-a-home-right-now\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Does It Make Sense To Buy a Home Right Now?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/\",\"name\":\"NWI Loan Guy Blog\",\"description\":\"Home Loans and Mortgage Refinances in Indiana and Illinois\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\",\"name\":\"Scott\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"caption\":\"Scott\"},\"sameAs\":[\"http:\\\/\\\/www.nwiloanguy.com\",\"https:\\\/\\\/www.facebook.com\\\/NWIHomeLoans\",\"https:\\\/\\\/x.com\\\/loan_guy\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Does It Make Sense To Buy a Home Right Now?—NWI Loan Guy Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/","og_locale":"en_US","og_type":"article","og_title":"Does It Make Sense To Buy a Home Right Now?—NWI Loan Guy Blog","og_description":"Thinking about buying a home? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information that can help you decide. What\u2019s Next for Home Prices? Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks […]","og_url":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/","og_site_name":"NWI Loan Guy Blog","article_publisher":"https:\/\/www.facebook.com\/NWIHomeLoans","article_author":"https:\/\/www.facebook.com\/NWIHomeLoans","article_published_time":"2024-03-20T10:30:00+00:00","og_image":[{"url":"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240319\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png","type":"","width":"","height":""}],"author":"Scott","twitter_misc":{"Written by":"Scott","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/#article","isPartOf":{"@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/"},"author":{"name":"Scott","@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e"},"headline":"Does It Make Sense To Buy a Home Right Now?","datePublished":"2024-03-20T10:30:00+00:00","mainEntityOfPage":{"@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/"},"wordCount":416,"image":{"@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2024\/03\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1","keywords":["100% financing"],"articleSection":["Local Info"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/","url":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/","name":"Does It Make Sense To Buy a Home Right Now?—NWI Loan Guy Blog","isPartOf":{"@id":"https:\/\/nwiloanguy.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/#primaryimage"},"image":{"@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2024\/03\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1","datePublished":"2024-03-20T10:30:00+00:00","author":{"@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e"},"breadcrumb":{"@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/#primaryimage","url":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2024\/03\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1","contentUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2024\/03\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1","width":750,"height":410},{"@type":"BreadcrumbList","@id":"https:\/\/nwiloanguy.com\/blog\/does-it-make-sense-to-buy-a-home-right-now\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nwiloanguy.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Does It Make Sense To Buy a Home Right Now?"}]},{"@type":"WebSite","@id":"https:\/\/nwiloanguy.com\/blog\/#website","url":"https:\/\/nwiloanguy.com\/blog\/","name":"NWI Loan Guy Blog","description":"Home Loans and Mortgage Refinances in Indiana and Illinois","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nwiloanguy.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e","name":"Scott","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","caption":"Scott"},"sameAs":["http:\/\/www.nwiloanguy.com","https:\/\/www.facebook.com\/NWIHomeLoans","https:\/\/x.com\/loan_guy"]}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2024\/03\/20240320-Does-It-Make-Sense-To-Buy-a-Home-Right-Now.png?fit=750%2C410&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p65HxI-1uK","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts\/5750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/comments?post=5750"}],"version-history":[{"count":0,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts\/5750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/media\/5751"}],"wp:attachment":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/media?parent=5750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/categories?post=5750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/tags?post=5750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}