This is celebration news for those who own property. This means you've gained significant equity that can be used to move up, buy an investment property, retire in a much better position, even help the kids to buy their first home. It has certainly given all of us plenty of options and opportunities!
I know many of you are asking the questions ~ I've heard them several times this week alone! Is this a good time to buy? Is this a good time to sell? Great questions. And, from a strictly investment standpoint, yes. Absolutely.
If I've learned anything over the past 30+ years in this biz, it's that you can't time the market. No one saw this fast value rise coming, and no one can predict what will happen in the future. All we know for sure is what's happening right now. And, right now is pretty great!
Historically speaking, real estate has always been a solid investment. Yes, there have been a few dips and detours along the way, but, overall, values have risen. Never with as much gusto as recently, but, always upward. There's a great quote that rings true. "Don't wait to buy real estate, buy real estate and wait". It's a long term investment, no question there.
The question you really should be asking yourself, is whether this is a good time for you personally. Does it fit in with your life goals right now? Will it move you forward? If it does, take the plunge. If it doesn't, then perhaps this isn't the time.
Don't let the market intimidate you, my job is to help you navigate that.
Skip the news, and do what's right for you. Right now.