HomeShould You buy a House in 2021 – 2021 Real Estate Market PredictionReal EstateShould You buy a House in 2021 – 2021 Real Estate Market Prediction

Should You buy a House in 2021 – 2021 Real Estate Market Prediction

Should You buy a House in 2021 – 2021 Real Estate Market Prediction
Should I buy a house in 2021? This answer depends on you & the market you’re looking to purchase a home in. First, make sure you’re in a solid position to buy a home? You do this by talking to talking with a lender to see how much home you can afford. If you feel good about buying a home, you need then look at what your local real estate market look like. Housing markets can vary significantly from state to state, so make sure you understand your local market. That being said, in most parts of the United States, the housing market is expected to continue its run through 2021 & I’m going to show you why.

Utah Realtor: Ty Wilde
801-995-2337
TyWilde7@gmail.com
https://www.eaglemountain.com/
Wise Choice R.E.

Find me on Social Media:
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Recommended Videos:
Rent vs. Own – https://youtu.be/m9WA1ft3uDc

How to Buy a House – https://youtu.be/fxVN8-9auIo

The Best Reasons to Buy a House – https://youtu.be/xsdOsfEqaEQ

How Buying a House Builds WEALTH – https://youtu.be/yl9tEI02blM

Building a House vs. Buying an Existing Home – https://youtu.be/DeW06h6Ogzg

In Depth Guide for Buying a New Construction Home – https://youtu.be/Lni9URMXn6E

How a House is Built – https://youtu.be/p9LlHOgfIeE

Should You BUY a HOUSE During the Coronavirus Pandemic – https://youtu.be/zfzu6Gi7yzc

Why You Need to BUY a HOUSE in 2020 – https://youtu.be/gPObqfFXadE

Recommended Utah Videos:
UTAH What You NEED to Know – https://youtu.be/3COe35xgOLo

How to TALK Like a UTAHN – https://youtu.be/corOW6z6nH0

10 Reasons UTAH is GREAT – https://youtu.be/txMpNs37BBs

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What its Like LIVING in UTAH (part 1)- https://youtu.be/UGQsIGM8CEE

What its Like LIVING in UTAH (part 2)- https://youtu.be/bb4UFxXb4-A

Why You Should Move to Eagle Mountain – https://youtu.be/Z1f8VKb_0WA

SUBSCRIBE to our UTAH ADVENTURE CHANNEL, “WHAT it’s LIKE” https://www.youtube.com/user/WildeKingdom

So let’s talk about why you should to buy a home in 2021.
#1 Nationwide we are experiencing a major housing shortage. A healthy housing market will generally have a 6-month supply of homes meaning that if no new homes were listed, it would take about 6 months to sell the available houses. Here in Utah as in many other parts of the country we only have about a 1-month supply of homes.
#2 Home prices are expected to increase because there are significantly more buyers than available homes. It’s the simple economics of supply & demand. So, why don’t we just build more houses? Well, we are, but the demand for housing has home-builders working overtime & they just can’t build houses fast enough.
#3 COVID-19 – The coronavirus has had a surprising effect, increasing the demand for housing. You’d think that with so many people losing their jobs in the first wave of the coronavirus & the potential for more job loss during this second wave that people would be too afraid to buy a home right now. Well, some people are, but covid-19 has persuaded far most people to buy a house or move up to a bigger one.
#4 Buying a house is a great investment as Home values always increase, over time. Most people don’t have the option to live with mom & dad, REALLY most adults don’t want to. We naturally want to have a place of our own & that comes with a monthly payment. Instead of throwing your money away on rent, more on this in a minute, you might as well apply that monthly payment toward buying a house.
#5 Owing a home is much better than paying rent. As a renter, you’re likely pay more than a half a million dollars in rent over a 30-year time period & in the end, you’ll have nothing to show for it. But, if you were to buy a house, even a smaller older home, after 30 years, you should have it paid off which means you can live the rest of your life without a monthly mortgage payment.
#6 By owning a home, you will receive some pretty amazing tax deductions which in turn make owning a home less expensive than what your monthly mortgage statement is. In most states, you can to write off your mortgage interest, property taxes, & the mortgage insurance premiums, saving you thousands of dollars per year.
#7 Stability. Apartment buildings, townhome & condo communities have high turnover. That makes it hard to build lifelong friendships. Moving into a neighborhood with single family homes creates more stability for you & your family as many of your neighbors will live in the same house for years.
#8 These insanely low mortgage interest rates. Because rates are below 3% for the 1st time, many of you can afford to buy a home, OR you may now have the ability to buy a home that was previously out of your price range. These crazy low mortgage rates increase your buying power by more than $50,000!

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