Southport Oak Island Realty Group, Inc

Does It Make Sense To Buy a Home Right Now?

Thinking about buying a home in the Southport or Oak Island North Carolina? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but Southport Oak Island Realty Group has some information that can help you decide.

What’s Next for Home Prices in Brunswick County North Carolina?

Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.

In the latest survey, those experts say home prices in the Brunswick County North Carolina are going to keep going up for the next five years (see graph below):

 Here’s what all the green on this chart should tell you. They’re not expecting any price declines (especially in Brunswick County North Carolina). Instead, they’re saying we’ll see a 3-4% rise each year.

And even though home prices aren’t expected to climb by as much in 2025 as they are 2024, keep in mind these increases can really add up over time. It works like this. If these experts are right and your home’s value goes up by 3.78% this year, it’s set to grow another 3.36% next year. And another 3.87% the year after that. The above information is nationwide, not just for Brunswick County, NC which is now the FASTEST GROWING COUNTY in the United States!

What Does This Mean for You?

Knowing that home prices are forecasted to keep going up in Southport NC and Oak Island should make you feel good about buying a home. That’s because it means your home is an asset that’s projected to grow in value in the years ahead.

If you’re not convinced yet, maybe these numbers will get your attention. They show how a typical home’s value could change over the next few years using expert projections from the HPES. Check out the graph below:

 

In this example, imagine you bought a home in Oak Island North Carolina for $400,000 at the start of this year. Based on these projections, you could end up gaining over $83,000 in household wealth over the next five years as your home grows in value in Brunswick County NC.

Of course, you could also wait – but if you do, buying a home is just going to end up costing you more. 

If you’re thinking it’s time to get your own place, and you’re ready and able to do so, buying now might make sense. Your home is expected to keep getting more valuable as prices go up. Let’s team up to start looking for your next home coastal Southport NC, Oak Island NC or Bolivia NC home today.

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Jon Langley

Hi! Nice to 'meet' you and thanks for visiting our Southport and Oak Island Real Estate Blog! My name is Jon Langley, and I'm a REALTOR® in Brunswick County, NC. I work alongside some of the best Realtors in the Southport & Oak Island area. I'd love to learn more about you if you'd like to connect with me on Facebook and Instagram or connect with our team at Southport Oak Island Realty Group. Looking forward to connecting!

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