Recent headlines about rising inflation make many wonder if it’s still a good time to buy a home. Chief Economists and industry experts point to the following.
Housing is an asset that typically grows in value. If you have cash/financial resources, you want to invest where your money will gain - not lose – value. Housing is generally considered a hedge against inflation.
Your mortgage helps stabilize your monthly housing costs. Although property taxes and other expenses may seep in, your monthly housing payment will remain the same. This is not the case when renting.
Buying protects you from rising rents. Monthly cost is fixed, and tangible assets like real estate increase in value over time. You build equity as a homeowner, which is like built-in savings.
Connect with Dennis Hartley today if you’re ready to start the home buying process.