If you’re thinking about buying or selling a house, it’s important to know that it doesn’t just affect your life, but also your community.
You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too.
If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place.
There’s an advantage to buying a home now. You’ll buy at a discount from last year’s price and before prices start to pick up even more momentum. It’s called “buying at the bottom,” and that’s a good thing.
![Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC]](https://cdn.jessicaberchtold.com/wp-content/uploads/2023/06/Why-You-Cant-Compare-Now-to-the-Unicorn-Years-of-the-Housing-Market-KCM-Share-900x600.png)
Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years.
![Reasons To Own Your Home [INFOGRAPHIC]](https://cdn.jessicaberchtold.com/wp-content/uploads/2023/06/Reasons-To-Own-Your-Home-KCM-Share-900x600.jpg)
Owning a home not only makes you feel proud and accomplished, but it’s also a big step toward having a secure and stable financial future.
