[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f271dqjcvz49fo":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},46134,"your-home-is-a-powerful-investment","Your Home Is a Powerful Investment","\u003Cp>Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240311\u002F20240313-Your-Home-Is-a-Powerful-Investment.png","\u003Cp>Going into 2023, there was a lot of talk about a possible \u003Ca href=\"\u002F2024\u002F03\u002F05\u002Fwhy-there-wont-be-a-recession-that-tanks-the-housing-market\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">recession\u003C\u002Fa> that would cause the housing market to crash. Some in the media were even forecasting home prices would drop by as much as 10-20%—and that might have made you feel a bit unsure about \u003Ca href=\"\u002F2024\u002F02\u002F16\u002Fachieve-your-dream-of-homeownership-with-condos-and-townhomes-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buying a home\u003C\u002Fa>.\u003C\u002Fp>\u003Cp>But here’s what actually happened: \u003Ca href=\"\u002F2024\u002F02\u002F15\u002Fdont-let-the-latest-home-price-headlines-confuse-you\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> went up more than usual. Brian D. Luke, Head of Commodities at \u003Cem>S&P Dow Jones Indices\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.spglobal.com\u002Fspdji\u002Fen\u002Fdocuments\u002Findexnews\u002Fannouncements\u002F20240227-1470765\u002F1470765_cshomeprice-release-0227.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>To put last year’s growth into context, the graph below uses \u003Ca href=\"https:\u002F\u002Fwww.freddiemac.com\u002Fresearch\u002Findices\u002Fhouse-price-index\" rel=\"noopener noreferrer\" target=\"_blank\">data\u003C\u002Fa> from \u003Cem>Freddie Mac\u003C\u002Fem> on how home prices have changed each year going back to 1980. The dotted line shows the long-term average for appreciation:\u003C\u002Fp>\u003Cp> \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240311\u002F20240313-Percent-of-Annual-Home-Appreciation.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240311\u002F20240313-Percent-of-Annual-Home-Appreciation.png\" alt=\"a graph showing the average of a home appreciation\">\u003C\u002Fa>\u003C\u002Fp>\u003Ch4>\u003Cstrong>The big takeaway?\u003C\u002Fstrong> \u003Cstrong>Home prices almost always go up. \u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>As an article from \u003Cem>Forbes\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.forbes.com\u002Fsites\u002Fjimwang\u002F2023\u002F06\u002F21\u002Fis-buying-a-home-really-a-good-investment\u002F?sh=68dae57a4aab\" rel=\"noopener noreferrer\" target=\"_blank\">says\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“. . . the U.S. real estate market has a long and reliable history of increasing in value over time.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>In fact, since 1980, the only time home prices dropped was during the housing market crash (\u003Cem>shown in red in the graph above\u003C\u002Fem>). Fortunately, the \u003Ca href=\"\u002F2024\u002F02\u002F29\u002Fwhy-we-arent-headed-for-a-housing-crash\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">market today\u003C\u002Fa> 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 \u003Ca href=\"\u002F2024\u002F02\u002F08\u002Fhome-equity-can-be-a-game-changer-when-you-sell\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">equity\u003C\u002Fa>, so they’re on much stronger footing than they were back then. That means there won’t be a wave of \u003Ca href=\"\u002F2024\u002F02\u002F02\u002Ftheres-no-foreclosure-wave-in-sight-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">foreclosures\u003C\u002Fa> that causes prices to fall.\u003C\u002Fp>\u003Cp>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 \u003Ca href=\"\u002F2024\u002F01\u002F11\u002Fthe-dramatic-impact-of-homeownership-on-net-worth\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">net worth grows\u003C\u002Fa>. \u003C\u002Fp>\u003Cp>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.\u003C\u002Fp>","\u003Cp>Home prices almost always go up over time. That makes \u003Ca href=\"\u002F2024\u002F02\u002F20\u002Fstrategic-tips-for-buying-your-first-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buying a home\u003C\u002Fa> a smart move, if you’re ready and able. \u003Ca href=\"\u002F2024\u002F02\u002F28\u002Fwhy-you-want-an-agents-advice-for-your-move\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">Let’s connect\u003C\u002Fa> to talk about your goals and what’s available in our area.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240311\u002F20240313-Percent-of-Annual-Home-Appreciation.png",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers","2024-03-13T10:30:00Z","2024-03-13T10:30:21Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},45441,"what-mortgage-rate-do-you-need-to-move","What Mortgage Rate Do You Need To Move?","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240304\u002F20240312-What-Mortgage-Rate-Do-You-Need-To-Move.png","2024-03-12T10:30:00Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},46147,"why-todays-sellers-market-is-good-for-your-bottom-line","Why Today’s Seller’s Market Is Good for Your Bottom Line","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240311\u002F20240314-Why-Today-s-Seller-s-Market-Is-Good-for-Your-Bottom-Line.png","2024-03-14T10:30:00Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[44,48,49,53,57,61,65,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]