Is Real Estate Still a Good Investment in 2023?

Is this a bad time to buy?

Rapidly rising home prices over the last several years have caused many buyers to ask the question: “Is this a bad time to buy?” The answer may depend on a few factors. In a market that has recently appreciated such as ours, if you plan to buy a home and then sell it within 1-2 years, buying may be a risky option. Let’s take a look to see if buying now can be a good investment.

Having a long-term perspective

If the market makes a correction, you could be left holding the bag. However, if you have a more long term perspective and plan to be in your home for many years, real estate remains a great way to build wealth. Owning real estate is a great hedge against inflation. It also allows you to own an asset that historically will appreciate over time, and will help you build equity in something you own every time you make a payment.

The Good Investment

In an August 3rd article on Forbe’s website, a senior economist at Zillow recommends not trying to time the housing market. Instead, if you have a long term approach, focus on finding a home you love that will meet your needs and is within your budget. The past 100 years have shown us that, over time, real estate remains a great investment!

Why Choose Us?

Check out our reviews on Google, Zillow, and Facebook to see what our customers have to say about their experience with us! We’d love to talk with you and show you the options we can offer you regarding your home!

See our previous blog post here.