I call Arizona’s last 10 years the real estate ‘gold rush’ …. where for the first time home buyers thought of getting rich and making money on their own and a place to live was secondary. yes, a lot of money was made; and lost.

However, let’s remember the Top 5 reasons to buy a home. (the order is different for everyone)

1.a Home is place to live

2.enjoy tax benefits

3.a fixed mortgage payment in time (rents typically rise with inflation)

4.each month you save money by paying down your mortgage loan

5.build a nest egg over time Today’s home buyer is seeing opportunities that they may never have expected.

I encourage you to buy a home only if you can stay in your home for at least 5 years, put down at least 10% (20% is better) and get 30-year fixed mortgage. If you can handle the payment comfortably then history has proven that you will build a nest egg while enjoying all the other benefits home ownership has to offer.