A romantic person’s view of February is to celebrate Valentine’s Day. It’s a time to embrace those who are the closest to you, and perhaps, a time to shift your thought from the daily reminders of hysteria to intimate moments of love.
Time may stop for a short moment or last forever. It could be a couple getting engaged, planning a wedding, or researching for a new home. It might be the beginning of a new chapter in life or a celebration of something already great.
Creating a good life is an inherent drive. The American Dream for many years was to get married, have a good job, and own a home. Herbert Hoover may be credited for saying prosperity was “a chicken in every pot, and a car in every backyard.” For many, life has been a struggle and the American Dream is just a dream.
The romantic side of me believes the Dream is still alive. Everyone ought to have a chance of having a good job and owning a home. Thankfully, those of us who live in the Sioux Empire have an excellent chance of getting both.
The changing of the guard in Washington, DC this last January has some people wondering what the future will bring. They ask if this is a good time to buy, move up, move down, or put their life on hold and wait to see what develops. Will the economy stay on a steady path, and will home values increase?
Home values have been increasing for some time, and it appears they will continue to do so over the next few years. Mortgage rates are still low: about 2% for a 15 year loan and 2.5% for a 30 year loan. A shortage of homes for sale, strong local economy, growing population and job growth will continue creating demand for more houses.
One thing we know from history is real estate ownership has been a healthy long term investment. We also think living in a house that matches the way you live, ultimately gives you a greater chance for happy days filled with love.
One last thought. Inflation is inevitable. Home values will go up. One good way to protect your money against inflation is to be invested in hard assets.
There it is. Love your partner. Love the House. Be happy!
Tony Ratchford, The Tony Ratchford Group. KW Realty Sioux Falls.
