Exciting facts you need to know about investing in Utah real estate!
Today I have an exciting opportunity I knew I needed to rush to tell you about because it’s that big. It has to do with owning a home in Utah; there’s some crazy data you need to know about.
From the second quarter of 2021 to the second quarter of 2022, the average home value in Utah increased by $71,000. These homeowners didn’t have to do anything special to raise values; they just paid their mortgages on time. Additionally, while values were increasing, homeowners were paying down the principal owed on their mortgages. As a result, the average U.S. homeowner has $300,000 in equity, which is huge!
“Home values and equity have increased dramatically.”
It doesn’t stop there - this phenomenon of home prices going up didn’t start last year. If you purchased a home in 1991, you’ve seen an average increase of 621% on your investment. Meaning - if you bought a $150,000 home back then, it’s now worth a whopping $930,000!
So, should you buy real estate? Let me put it this way: I just doubled down on my personal investment in real estate during a market with rising interest rates and fluctuating prices. I couldn’t be more confident that this is the safest bet you can make with your money.
Please call or email me if you have questions about this topic or anything else. I’d love to discuss your financial plans with you.
