Home, Sweet Investment: Unveiling the Potential of Your Property Portfolio

As 2023 approached, speculation regarding a potential recession that could precipitate a housing market crash was rife. Some media outlets went so far as to predict a considerable decline in home prices, ranging from 10% to 20%. Naturally, such forecasts might have instilled a sense of uncertainty regarding the prospect of buying a home.

However, the reality turned out quite differently: instead of plummeting, home prices experienced a more pronounced increase than anticipated. Brian D. Luke, Head of Commodities at S&P Dow Jones Indices, provides insights into what transpired:

“Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.”

To contextualize the growth witnessed last year, the graph below utilizes data sourced from Freddie Mac, illustrating the annual changes in home prices dating back to 1980. The dotted line represents the long-term average for appreciation:

The big takeaway? Home prices almost always go up.

As an article from Forbes says:

“. . . the U.S. real estate market has a long and reliable history of increasing in value over time.”

In fact, since 1980, the only time home prices dropped was during the housing market crash (shown in red in the graph above). Fortunately, the market today isn’t like it was in 2008. For starters, there aren’t enough available homes to meet buyer demand right now. On top of that, homeowners have a tremendous amount of equity, so they’re on much stronger footing than they were back then. That means there won’t be a wave of foreclosures that causes prices to fall.

The fact that home values went up every single year except those four in red is why owning a home can be one of the smartest moves you can make. When you’re a homeowner, you own something that typically becomes more valuable over time. And as your home’s value appreciates, your net worth grows

So, if you’re financially stable and prepared for the costs and expenses of homeownership, buying a home might make a lot of sense for you.

Bottom Line

Home prices almost always go up over time. That makes buying a home a smart move, if you’re ready and able. Let’s connect to talk about your goals and what’s available in our area.

305 Properties
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$519,000
Neighborhood: Rotonda Lakes
3
Beds
2
Baths
1,767
Sq.Ft.
2024
Year Built
2
Days on Site
A4607312
MLS
$189,000
Neighborhood: Clubhouse
2
Beds
2
Baths
918
Sq.Ft.
1985
Year Built
2
Days on Site
D6136084
MLS
$279,000
Neighborhood: Del Rio/Rotonda
2
Beds
2
Baths
1,272
Sq.Ft.
2007
Year Built
2
Days on Site
D6136091
MLS
$575,000
Neighborhood: Rotonda West White Marsh
5
Beds
4
Baths
2,383
Sq.Ft.
2000
Year Built
2
Days on Site
D6136007
MLS
$429,000
Neighborhood: Rotonda West Oakland Hills
3
Beds
2
Baths
1,735
Sq.Ft.
1974
Year Built
3
Days on Site
O6196125
MLS
Open 4/21
46 Sportsman Pl Rotonda West,  FL 33947
$565,000
Neighborhood: Rotonda West Broadmoor
3
Beds
2F11/2
Baths
2,362
Sq.Ft.
2002
Year Built
4
Days on Site
A4605758
MLS
$579,900
Neighborhood: Rotonda West Broadmoor
3
Beds
2
Baths
1,901
Sq.Ft.
2023
Year Built
4
Days on Site
D6136074
MLS
$439,000
Neighborhood: Rotonda Lakes
3
Beds
2
Baths
1,700
Sq.Ft.
2023
Year Built
4
Days on Site
D6135986
MLS
$349,900
Neighborhood: Rotonda West Oakland Hills
3
Beds
3
Baths
1,529
Sq.Ft.
1975
Year Built
5
Days on Site
A4606959
MLS
$439,000
Neighborhood: Rotonda Lakes
3
Beds
2
Baths
1,809
Sq.Ft.
2007
Year Built
5
Days on Site
T3517229
MLS
$629,900
Neighborhood: Rotonda Pine Valley
3
Beds
2
Baths
2,205
Sq.Ft.
2006
Year Built
5
Days on Site
D6136005
MLS
$799,000
Neighborhood: Rotonda West Pebble Beach
6
Beds
6
Baths
3,891
Sq.Ft.
2007
Year Built
5
Days on Site
D6136019
MLS

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