Don’t Let Rising Inflation Delay Your Homeownership Plans

May 22, 2022

If recent headlines about rising inflation are making you wonder if it’s still a good time to buy a home, here’s what the experts have to say.

Housing is an Asset that Typically Grows in Value – If you have cash and are expecting inflation, you want to think through where you can put your money so it does not lose value.  Housing is commonly looked at as a good inflation hedge…”     – Ali Wolf , Chief Economist, Zonda

Your Mortgage Helps Stabilize Your Monthly Housing Costs – “A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment.  Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same.  That’s certainly not the case if you’re renting.”     – James Royal, Senior Wealth Management Reporter, Bankrate

Buying Protects You from Rising Rents – Homeowners are shielded from mounting rental prices because their cost is fixed, regardless of what’s happening in the market…Tangible assets like real estate get more valuable over time which makes buying a home a good way to spend your money during inflationary times.”     – Natalie Campisi, Advisor Staff, Forbes

If you’re thinking about buying a home, experts say owning a home is historically a good hedge against inflation.  Let’s connect if you’re ready to start the home buying process.

Source: Keeping Current Matters, Forbes