Is Owning A Home In 2025 Important?

I am sitting here in front of the fireplace, sipping on my morning coffee and reflecting on my real estate career. I have been a full time residential agent for over 40 years. "I guess I love it"!

I think about all the people I have been blessed to work with, home sellers, home buyers and at this point in my career home developers, building new homes for people to call their own. In a world full of uncertainties, economic upheavals, inflation, and housing crisis - the stability and security of owning a home stand out as pillars of resilience and security. Homeownership isn't just a financial milestone; it's a deeply personal achievement that provides a sense of place and permanence in an ever-changing world.

I reflect back on my own home journey and when I signed the papers on the first home purchase. It felt so monumental to sign the papers and have keys to my own home. It was the first step in my future and taking ownership of obtaining my dream...my own home. It took planning, hard work and sacrifice but it was worth it and something I have tried to influence my own two children to have confidence in doing. They both now own their own homes and no longer rent helping the landlord pay for the home, instead they are working hard to pay for their own home...WOW!

Here are my opinions on why owning a home in 2025 has a level of importance.

1. The cost of renting continues to skyrocket, creating for many a trap in the cycle of financial instability. According to national data rent averages have increased over 30% in the past decade.

2. Housing can be a hedge against inflation. Inflation is the silent thief, eating at the purchasing power of your income. For renters, this means facing annual rent hikes as landlords adjust prices to match their rising costs. A fixed-rate mortgage locks in your housing costs.

3. Limited housing supply. It is estimated that the U.S. housing market faces a severe shortage of supply, with an estimated deficit of 4.5 million homes. This imbalance between supply and demand has driven up home prices. Owning a home in 2025 means securing a foothold in a market where property values are still expected to rise.

4. A legacy for family. Homeownership if the cornerstone of the American Dream, which represents the opportunity to build generational wealth. The investment of your home, shows the track record of appreciation that home ownership offers. Financial security for children and grandchildren.

5. Tax advantages. The tax benefits of homeownership remain one of its most compelling advantages. Homeowners can deduct mortgage interest, property taxes, and sometimes other government options, like energy efficient upgrades.

6. Remote work and freedom to choose. The rise of remote work has reshaped the housing market. No longer linked to specific job locations, many Americans are now given wider range of options from suburban communities to rural areas.

   These are just a few of my thoughts...ok, I got wordy. I just want to stress that in 2025, the dream of owning a home is attainable and more important than ever, in my opinion. Don't delay...take the fist step to learn how you can invest in a brighter future and one which is more secure for yourself and family.

   Here is our market area, there are 100% loans which you may qualify for. Feel free to contact me and I will share with you my thoughts and help you find your path to homeownership." OK, I AM DONE WITH MY COFFEE".