Why Most Homeowners Are Still Glad They Bought a Home

With rising everyday expenses, mortgage rates that may feel higher than expected, and continued economic uncertainty, it’s understandable to wonder whether buying a home right now is the right move.

But here’s something worth considering: most recent homebuyers are glad they made the decision to buy.

According to a recent NerdWallet survey, 74% of recent homebuyers said they were glad they bought their current home, while only 3% regretted their decision.

So, what makes homeownership worthwhile, even when the market feels uncertain? A big part of the answer comes down to the long-term benefits.

Homeownership Is a Long-Term Investment

When deciding whether to buy a home, it’s easy to focus on current mortgage rates, home prices, and the possibility of the market changing. These factors matter, but they’re only part of the picture.

For many buyers, a home is a long-term commitment—not a purchase they plan to reverse in a year or two.

Looking at home values over time helps explain why many homeowners are happy with their decision. According to the Federal Housing Finance Agency (FHFA), U.S. home prices increased by 33.4% over the five years referenced in the latest data cited in the original report. Bankrate research also found that homeowners gained nearly $150,000 in wealth on average over five years as home equity increased.

Equity is the portion of your home you own, calculated by subtracting what you owe on your mortgage from your home's current value.

You can build equity in two main ways:

• Paying down your mortgage: As you reduce your loan balance, your ownership stake grows.
• Home appreciation: If your home increases in value over time, your equity may grow even further.

Of course, appreciation isn't guaranteed, and home values can decline. But for buyers who plan to stay in their homes for several years, building equity can be an important part of their long-term financial picture.

Looking Beyond the Next Few Years

Short-term market changes can make buying feel risky. However, looking at home prices over several decades offers a broader perspective.

FHFA data cited in the original report shows that U.S. home prices have increased by 336% since 1991. That doesn't mean prices rise every year or that every property appreciates at the same rate. It does show how homeownership can build value over an extended period.

The longer you own a home, the more time you may have to pay down your mortgage, build equity, and navigate the market's ups and downs.

Your equity can also provide options later in life. If you decide to sell, the proceeds remaining after paying off your mortgage and selling expenses may help fund your next move.

For example, you could use the equity from your current home toward the down payment on a larger property, a smaller home, or a move to another area.

The key is to buy a home that fits your finances and your plans—not simply because you expect prices to rise.

Does Buying a Home Make Sense in Arizona Right Now?

There isn't one answer for every buyer. The right decision depends on your budget, the local housing market, your expected length of ownership, and whether the monthly payment fits comfortably within your finances.

If you're considering buying a home in Arizona, look beyond the listing price and mortgage rate. Consider property taxes, homeowners insurance, HOA fees where applicable, maintenance costs, and other expenses that come with owning a home.

It’s also worth comparing the cost of renting with the full cost of homeownership. Renting may offer more flexibility, while buying may help you build equity over time. Which option makes more sense depends on your circumstances.

Rather than waiting for the perfect market conditions, focus on understanding your options and deciding whether the numbers work for you today.

The Bottom Line

Economic uncertainty can make buying a home feel like a big decision, but it doesn't erase the potential long-term benefits of homeownership. Many buyers value having a place of their own while gradually building equity and creating options for the future.

The goal isn't to predict exactly where the market will go next. It's to make an informed decision based on your finances, priorities, and plans.

Thinking About Buying a Home in Arizona?

Whether you're purchasing your first home, moving to a different property, or simply exploring your options, understanding the Arizona real estate market is a good place to start.

Reach out anytime, and let's talk about your goals, review your options, and see whether buying a home makes sense for you in today's market. 🏡

Frequently Asked Questions

Is buying a home still worth it in 2026?

Buying a home may be worthwhile for people who can comfortably afford the costs and plan to stay long enough to benefit from potential equity growth. The decision depends on personal finances, local market conditions, and long-term goals.

How does owning a home help build wealth?

Homeowners can build wealth by paying down their mortgage and through potential appreciation in their property's value. Neither outcome is guaranteed, and ownership also comes with ongoing expenses.

Should I wait for home prices or mortgage rates to drop?

Waiting may make sense for some buyers, but future prices and rates are difficult to predict. Instead of trying to time the market perfectly, compare current costs with your budget and consider how long you expect to own the home.

What costs should I consider before buying a home in Arizona?

In addition to the mortgage payment, budget for property taxes, homeowners insurance, maintenance, utilities, closing costs, and any applicable HOA fees. Reviewing the full cost of ownership can help you determine what fits your finances.