Local market leader says real estate is a good investment

BECKLEY, WV (WVNS) — Financial experts say mortgage rates have fallen slightly, prompting some folks to start looking for a new home.

A local market leader said on Friday, February 24, 2024, that mortgage rates over the past 20 years have been low, from a historic perspective, but he said mortgage rates should not be the deciding factor when buying a home.

He said that’s because real estate tends to be a good investment.

“Real estate is like buying any kind of investment,” said Mark Heitman of Movement Mortgage. “You’re better off buying today than waiting for it to go either up or down tomorrow, and, historically, real estate has always appreciated, so it’s a great investment.”

Local realtors say it’s good for buyers to envision themselves living in the home before they buy it, and it’s always a good idea to check out the history of the property.

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