The National Association of Realtors conducted a survey called the 2017 National Housing Pulse Survey. According to the survey, most Americans (around 84%) believe that buying a home is a good financial decision.

Here are the major reasons:

Various Tax Deductions

This could be for state, federal and local income taxes.

Mortgage Paid Upon Retirement

By the time you retire, by owning your home, your mortgage could be fully paid.

Building Equity

Instead of paying the rent, you’re building equity by paying your mortgage.

Increase Net Worth

It increases long term wealth and your net worth.

Stable Monthly Payments

Unlike rent which can increase a huge amount over time, monthly mortgage payments are stable and predictable.


Bottom Line

Homeownership has always been and still is a crucial part of the American Dream. As our local Albuquerque Market is turning around now is the time to buy. Contact Pete Veres so he can help you get started.