Here is something crazy: according to a survey published yesterday, only 30% of Americans feel that now is a good time to purchase a home. This is an all-time low number. What gives? Home price appreciation is almost double that of the going interest rate. The Unemployment Rate is at a meager 5.0%, and the Job Openings report out today shows that there are currently more job postings than at almost any time in history. So what’s the hang-up? Pessimism? Non-committal? Mom still doing your laundry? Whatever it is, it’s rubbish. Study after study show that home ownership is the number one fastest way to financial freedom and a major determinant of long-term emotional well-being.
So man living in Mom’s basement: it’s time to grow up.
