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Hard Work Pays Off For These First Time Homebuyers in Rochester NH
Friday, December 29th, 2023
Amy Houston
If you've been thinking that it's just too hard to buy a house or that you are too young well think again. Today was an awesome closing day for these two. They signed all the papers and got the keys to their very ownhome. Once again I am blown away by two brilliant young people that disciplined themselves to do all that they needed to do, and today their hard work paid off. Their networth just made a huge jump because they now own their home! It was such a joy to help them through the process and I am so proud of their accomplisment. What a way to close out the year. We had a couple of extra bonus puppies running around the office that also worked out great as photo props. 
Cheers to my buyer clients for a super happy, healthy and safe 2024!
If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.
Purchasing real estate has typically been a solid long-term strategy for building wealth in America. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes:
Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.
Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:
- If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
- As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991.
- Homeownership wins in the long run. If you’re ready to buy a home, let’s connect today.
- Today's cooling market means stability in pricing. Your offer may not need to be $10,000 - $50,000 over the asking price.
- If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall.
- Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius.
- Your first home is out there. Let’s connect to explore your options and what other first-time buyers are doing to find their homes.
- When you head out to buy a home, there are a number of key milestones you’ll encounter along the way.
- The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more.
- Your journey starts here. Let’s connect so you have expert guidance each step of the way.
Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important.
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