This stat rocked me…

This stat rocked me… “According to the
Federal Reserve, a homeowner’s net worth is a staggering 40 times greater than
that of a renter.”

Let’s also acknowledge: Conditions have NOT been the friendliest for
first time buyers. But here’s some really
good news → Jerome Powell has alluded to 2 or 3 interest rate cuts in 2024. The average age of a first time buyer is 36.

In our market, we’ve had luck finding
options for buyers that are on par with rental prices. I had a client who was curious about her
buying options. We found a home on par with her rent. It checked all the boxes
for this phase of her life. Her plan is
to live there for 4-6 years and then use it as a rental and move along to her
next home.

A few reasons this client chose to buy: Homeownership is a form of “forced
savings” that will lay the groundwork for her next move. She saw this home as a piggy bank that grows
from her contributions AND appreciates over time.

-Megan Stultz

Call or Text 936-537-2587

Megan@MeganStultz.com

www.Southern-Luxury.com