Tiffany Drahonovsky

Hi Mary- In most cases, a home is an appreciating asset. Real estate, the house and land it sits on, are considered real property. Cars are a depreciating asset, they lose value as they age and are driven. As long as the market is strong, and the supply of homes is lower than the demand (we are very short of inventory now compared to demand) buying and/or building a new construction home can be a great way to grow your equity and appreciation based on the current economics. Buy now. Things are not likely to get cheaper/less expensive and by waiting, you could potentially miss out on the compound appreciation of a home year over year.