• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Welcome to Eastern Oregon Living

Eastern Oregon Lifestyle & Real Estate

  • Our Eastern Oregon
    • Morrow County
      • Boardman
      • Heppner
      • Ione
      • Irrigon
      • Lexington
    • Umatilla County
      • Adams
      • Athena
      • Echo
      • Hermiston
      • Milton-Freewater
      • Pendleton
      • Pilot Rock
      • Stanfield
      • Ukiah
      • Umatilla
      • Weston
  • Community
  • Lifestyle
    • Links to Additional Lifestyle Resources
  • Events
  • Real Estate
    • Listings
    • Reviews
    • Market Trend Reports
    • Home Tips
    • Buyer & Seller Resources courtesy of Paladin Realty Team (external link)
    • Links to Additional Real Estate Resources
  • Contact
    • Facebook: Paladin Realty Team
    • Dawn @ Keller Williams
You are here: Home / Real Estate / 3 Ways You’ll Win When You Buy a Home This Year

3 Ways You’ll Win When You Buy a Home This Year

February 15, 2021 by Dawn Blalack

3 Ways You’ll Win When You Buy a Home This Year | Simplifying The Market

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream home, making a move might give you the space or features you need to find greater success and happiness in a new normal way of life. Whatever your motivations are, here are three reasons why becoming a homeowner now may help you win big in the long run.

1. Buying a Home Is a Great Investment

Several recent reports indicate that real estate is still a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps you build equity, a type of forced savings that grows your net worth. According to the latest Equity Report from ATTOM Data Solutions:

“The count of equity-rich properties in the fourth quarter of 2020 represented 30.2 percent, or about one in three, of the 59 million mortgaged homes in the United States. That was up from 28.3 percent in the third quarter of 2020, 27.5 percent in the second quarter and 26.7 percent in the fourth quarter of 2019, despite the ongoing economic damage caused by the worldwide Coronavirus pandemic.”

2. Mortgage Interest Rates Are Low

The Primary Mortgage Market Survey from Freddie Mac indicates interest rates for a 30-year mortgage have fallen since November 2018 when they hit 4.94%. In their latest forecast, Freddie Mac expects rates to remain low, leveling out to an average of 2.9% in 2021.

When you purchase a home at a low mortgage rate, it will impact your monthly mortgage payment, giving you the opportunity to likely get more house for your money.

3. Investing in Your Future Pays Off

There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. What many renters don’t realize, though, is the financial power of equity.

As a homeowner, your monthly mortgage payment becomes a form of ‘forced savings’ you can reinvest later in life as you see fit. You can use it in a variety of ways, like to fund a loved one’s education, move up to a bigger home, or start your own business. As a renter, you’re actually growing your landlord’s equity instead of your own.

If you’re ready to put your monthly payments to work for you and take steps toward those dreams and goals, purchasing a home may be the way to go, especially as rental prices continue to rise.

Bottom Line

Buying a home sooner rather than later could lead to substantial savings and long-term financial growth. Let’s connect to determine if homeownership is the right choice for you this year.

Content previously posted on Keeping Current Matters

Filed Under: Real Estate

More Posts

Common Real Estate Terms Explained

How to Run a Household While You’re Selling It

Real Estate Is Voted the Best Long-Term Investment 12 Years in a Row

Navigating Today’s Market

Primary Sidebar

Recent Posts

  • Common Real Estate Terms Explained
  • How to Run a Household While You’re Selling It
  • Real Estate Is Voted the Best Long-Term Investment 12 Years in a Row
  • Navigating Today’s Market
  • Thinking about an Adjustable-Rate Mortgage? Read This First.

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019

Categories

  • Community
  • Events
  • Lifestyle
  • Outdoors
  • Real Estate
  • Restaurants
  • Uncategorized

Search For Listings

Footer

Dawn Blalack
Oregon Principal Broker

  • 541-310-9563
  • [email protected]
  • Facebook
  • LinkedIn

Nathan Good
Transaction Coordinator

  • 541-310-7070
  • [email protected]
  • Facebook
  • LinkedIn

Copyright © 2025 · Agent Focused Pro by Winning Agent · Log in

Contact Us:

EOL Logo
PRT Logo

Terms and Conditions - Privacy Policy