Hi everyone, thank you for joining me today about this very popular topic, why should you buy your next home this year when inflation is a big concern?!
Housing, food, gas, education, Target’s Dollar Spot…price increases will continue to affect our daily lives. And with the way home prices have increased, is it best to wait until things cool down? Why is now a good time?
1. Things aren’t cooling down. Researchers are TRYING to find a sign that this market will cool off, but they’re struggling. The market continues to heat up with home appreciation climbing quickly and homes selling quickly.
2. You can control your fixed rate mortgage – You unfortunately can’t keep gas prices down. You can’t change the cost of groceries either. But once you purchase a home and get locked in at a great rate, for the next 30 years, that rate won’t change.
So while prices climb everywhere else in your life, you can rest easy knowing that your rate won’t suddenly jump and make your monthly payment unaffordable.
3. Historically, home appreciation has risen significantly faster than inflation elsewhere: As prices rise across the board, so do home values…and more significantly. Last year while inflation across the board rose 6.8%, housing prices increased 18%.
A tangible asset like your home holds it’s value more than paper assets, so even though some home prices seem scary or intimidating right now, you can be confident knowing that your home will hold it’s value…and you can likely buy one at a great rate right now!
Buying a home is a big deal and inflation is a big concern for all of us right now, but I’d love to meet with you and help you navigate your next steps. You can always reach out the me with any questions, I would be happy to chat real estate with you!